Condor Energies (TSE:CDR) Hits New 12-Month High – Should You Buy?

Condor Energies Inc. (TSE:CDR) shares reached a new 52-week high on Monday . The stock traded as high as C$4.19 and last traded at C$4.16, with a volume of 77476 shares. The stock had previously closed at C$3.96.

Condor Energies Stock Performance

The business’s 50 day moving average price is C$3.30 and its 200-day moving average price is C$2.75. The firm has a market cap of C$333.57 million, a price-to-earnings ratio of -37.82 and a beta of 0.53.

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 company had revenue of C$23.38 million during the quarter.

Insider Buying and Selling

In other news, Director Donald James Streu bought 10,000 shares of Condor Energies stock in a transaction on Thursday, July 2nd. The shares were bought at an average price of C$2.70 per share, with a total value of C$27,000.00. Following the acquisition, the director directly owned 849,789 shares in the company, valued at approximately C$2,294,430.30. This represents a 1.19% increase in their position. Over the last 90 days, insiders purchased 25,000 shares of company stock worth $67,150.

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.