Condor Energies (TSE:CDR) Shares Down 1.6% – Here’s What Happened

Shares of Condor Energies Inc. (TSE:CDR) were down 1.6% during mid-day trading on Wednesday. The stock traded as low as C$4.18 and last traded at C$4.20. 64,263 shares changed hands during trading, a decline of 53% from the average daily volume of 135,448 shares. The stock had previously closed at C$4.27.

Condor Energies Trading Up 6.4%

The stock’s 50 day moving average is C$4.20 and its 200-day moving average is C$3.28. The company has a market cap of C$386.87 million, a P/E ratio of -44.80 and a beta of 0.26.

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

Insider Activity at Condor Energies

In related news, Director Donald James Streu purchased 10,000 shares of Condor Energies stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of C$2.70 per share, for a total transaction of C$27,000.00. Following the completion of the purchase, the director directly owned 849,789 shares of the company’s stock, valued at C$2,294,430.30. The trade was a 1.19% increase in their position.

Condor Energies Company Profile

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.