Valeura Energy (TSE:VLE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Valeura Energy Inc. (TSE:VLE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.89 and traded as high as C$6.80. Valeura Energy shares last traded at C$6.60, with a volume of 394,820 shares trading hands.

Wall Street Analysts Forecast Growth

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

Valeura Energy Trading Down 0.9 %

The company has a debt-to-equity ratio of 13.13, a quick ratio of 3.37 and a current ratio of 1.82. The firm has a market capitalization of C$705.74 million, a price-to-earnings ratio of 13.47 and a beta of 0.81. The business has a fifty day moving average price of C$5.28 and a 200 day moving average price of C$4.89.

Valeura Energy Company Profile

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.