Condor Gold (LON:CNR) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Posted by Oscar Bower on Jan 29th, 2025

Condor Gold Plc (LON:CNR – Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 29.11 ($0.36) and traded as high as GBX 33 ($0.41). Condor Gold shares last traded at GBX 33 ($0.41), with a volume of 315,000 shares.

Condor Gold Stock Up 2.5 %

The stock has a market capitalization of £67.47 million, a P/E ratio of -3,300.00 and a beta of 0.45. The business’s 50 day simple moving average is GBX 29.11 and its two-hundred day simple moving average is GBX 24.46.

Insider Activity at Condor Gold

In related news, insider John Ian Stalker acquired 300,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of GBX 23 ($0.29) per share, for a total transaction of £69,000 ($85,852.93). 40.23% of the stock is owned by insiders.

Condor Gold Company Profile

(Get Free Report)

Condor Gold is listed on the AIM market, ticker CNR and the TSX ticker COG. On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report (“PEA”) for its La India Project, Nicaragua, filed on SEDAR. The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold per annum for the initial 9 years of gold production.