Condor Energies (TSE:CDR) Trading 7.8% Higher – What’s Next?

Condor Energies Inc. (TSE:CDR) shot up 7.8% on Friday . The company traded as high as C$4.05 and last traded at C$3.99. 246,565 shares traded hands during trading, an increase of 72% from the average session volume of 143,261 shares. The stock had previously closed at C$3.70.

Condor Energies Trading Up 7.8%

The firm has a market capitalization of C$319.93 million, a price-to-earnings ratio of -36.27 and a beta of 0.53. The stock has a fifty day moving average price of C$3.19 and a 200-day moving average price of C$2.67.

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

Insider Buying and Selling

In other news, Director Donald James Streu acquired 10,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of C$2.70 per share, with a total value 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. Insiders have bought 25,000 shares of company stock valued at $67,150 in the last quarter.

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.