Condor Energies (TSE:CDR) Trading 10.6% Higher – Here’s What Happened

Shares of Condor Energies Inc. (TSE:CDR) traded up 10.6% on Friday . The stock traded as high as C$4.13 and last traded at C$3.96. 466,268 shares were traded 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 Price Performance

The business’s 50-day simple moving average is C$2.94 and its two-hundred day simple moving average is C$2.48. The stock has a market capitalization of C$313.52 million, a price-to-earnings ratio of -35.55 and a beta of 0.66.

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

Insider Buying and Selling

In other Condor Energies news, Director Donald James Streu purchased 10,000 shares of Condor Energies stock in a transaction that occurred on 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 completion of the acquisition, the director owned 849,789 shares of the company’s stock, valued at approximately C$2,294,430.30. This trade represents a 1.19% increase in their position. Insiders bought a total of 25,000 shares of company stock valued at $67,150 over the last ninety days.

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.