Condor Energies (TSE:CDR) Trading Up 10.6% – Time to Buy?

Shares of Condor Energies Inc. (TSE:CDR – Get Free Report) shot up 10.6% during trading on Friday . The company traded as high as C$4.13 and last traded at C$3.96. 466,268 shares changed hands during trading, an increase of 228% from the average daily volume of 142,214 shares. The stock had previously closed at C$3.58.

Condor Energies Stock Up 11.2%

The firm has a market cap of C$319.13 million, a price-to-earnings ratio of -36.18 and a beta of 0.66. The stock’s 50 day moving average is C$2.92 and its 200 day moving average is C$2.47.

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Condor Energies (TSE:CDR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$19.46 million during the quarter.

Insiders Place Their Bets

In other Condor Energies news, Director Donald James Streu purchased 10,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was bought at an average cost of C$2.70 per share, with a total value of C$27,000.00. Following the acquisition, the director 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 ownership of the stock. Over the last three months, insiders have bought 25,000 shares of company stock valued at $67,150.

Condor Energies Company Profile

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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.

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