Valeura Energy (TSE:VLE) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Valeura Energy Inc. (TSE:VLE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.93 and traded as high as C$6.65. Valeura Energy shares last traded at C$6.60, with a volume of 105,803 shares traded.

Wall Street Analyst Weigh In

Separately, Cormark raised shares of Valeura Energy to a “strong-buy” rating in a report on Monday, September 23rd.

Valeura Energy Trading Up 3.1 %

The firm has a market cap of C$705.74 million, a P/E ratio of 13.47 and a beta of 0.81. The stock has a 50 day simple moving average of C$5.50 and a 200-day simple moving average of C$4.93. The company has a current ratio of 1.82, a quick ratio of 3.37 and a debt-to-equity ratio of 13.13.

About Valeura Energy

Valeura Energy Inc, together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey. The company was founded in 2010 and is headquartered in Singapore.