Condor Energies (TSE:CDR) Reaches New 1-Year High – Should You Buy?

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

Condor Energies Trading Up 0.7%

The firm has a market capitalization of C$336.77 million, a P/E ratio of -42.00 and a beta of 0.53. The company has a 50-day moving average of C$3.35 and a 200-day moving average of C$2.79.

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

Insiders Place Their Bets

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