Condor Petroleum (TSE:CPI) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Condor Petroleum Inc. (TSE:CPIGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$0.37. Condor Petroleum shares last traded at C$0.37, with a volume of 3,500 shares changing hands.

Condor Petroleum Stock Performance

The firm’s fifty day moving average price is C$0.37. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of C$16.72 million and a price-to-earnings ratio of -1.48.

About Condor Petroleum

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Condor Petroleum Inc, an oil and gas company, engages in the exploration, development, and production of oil and gas properties in Turkey and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses located in the Gallipoli Peninsula in western Turkey. The company was incorporated in 2006 and is headquartered in Calgary, Canada.

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