Condor Energies (TSE:CDR) Reaches New 12-Month High – Time to Buy?

Condor Energies Inc. (TSE:CDR) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$3.42 and last traded at C$3.43, with a volume of 186695 shares. The stock had previously closed at C$3.11.

Condor Energies Stock Performance

The stock has a market capitalization of C$275.03 million, a P/E ratio of -31.18 and a beta of 0.66. The firm has a 50-day moving average price of C$2.86 and a 200 day moving average price of C$2.41.

Condor Energies (TSE:CDR) last released its earnings results on Wednesday, May 13th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$19.46 million during the quarter.

Insider Buying and Selling

In other Condor Energies news, Director Donald James Streu acquired 10,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average price of C$2.70 per share, with a total value of C$27,000.00. Following the transaction, the director directly owned 849,789 shares in the company, valued at approximately C$2,294,430.30. The trade was a 1.19% increase in their position. Insiders acquired a total of 25,000 shares of company stock worth $67,150 in the last three months.

Condor Energies Company Profile

Condor Energies is an internationally focused, publicly traded energy transition company that is uniquely positioned on the doorstep of European and Asian markets. With producing natural gas and condensate assets in Uzbekistan, an ongoing initiative to construct and operate Central Asia’s first LNG facility in Kazakhstan, and a separate initiative to develop and produce lithium brine in Kazakhstan, we’ve built a strong foundation for reserves, production and cashflow growth while also striving to minimize our environmental footprint.