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 trading on Monday . The company traded as high as C$4.80 and last traded at C$4.80, with a volume of 72472 shares trading hands. The stock had previously closed at C$4.62.

Condor Energies Stock Up 3.9%

The company has a market capitalization of C$414.50 million, a P/E ratio of -48.00 and a beta of 0.53. The company has a 50-day moving average of C$3.65 and a two-hundred day moving average of C$2.93.

Condor Energies (TSE:CDR) last announced its 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.

Insiders Place Their Bets

In related news, Director Donald James Streu acquired 10,000 shares of the stock in a transaction on Thursday, July 2nd. The stock was acquired at an average price of C$2.70 per share, for a total transaction of C$27,000.00. Following the completion of the purchase, the director owned 849,789 shares of the company’s stock, valued at C$2,294,430.30. This represents a 1.19% increase in their ownership of the stock. Over the last three months, insiders purchased 25,000 shares of company stock worth $67,150.

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.