Condor Energies (TSE:CDR) Shares Climb 2.6% – Here’s Why

Condor Energies Inc. (TSE:CDR)’s stock price rose 2.6% during trading on Friday. The company traded as high as C$3.60 and last traded at C$3.53. 172,047 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 128,721 shares. The stock had previously closed at C$3.44.

Condor Energies Price Performance

The company has a market cap of C$305.67 million, a PE ratio of -35.30 and a beta of 0.18. The business has a fifty day simple moving average of C$4.28 and a two-hundred day simple moving average of C$3.20.

Condor Energies (TSE:CDR) last announced its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$23.38 million during the quarter.

About Condor Energies

Condor Energies Inc is a TSX-listed energy transition company that is uniquely positioned on the doorstep of European and Asian markets with three distinct first-mover energy security initiatives: increasing natural gas and condensate production from its existing fields in Uzbekistan; an ongoing project to construct and operate Central Asia’s first LNG ‘lower carbon fuel’ diesel substitution facility in Kazakhstan; and a separate initiative to develop and produce critical minerals from brines in Kazakhstan.