Valeura Energy (TSE:VLE) Sets New 52-Week High Following Analyst Upgrade

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Valeura Energy Inc. (TSE:VLE - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday after Cormark raised their price target on the stock from C$11.50 to C$12.00. The stock traded as high as C$6.10 and last traded at C$6.05, with a volume of 225713 shares trading hands. The stock had previously closed at C$5.74.

Insider Buying and Selling

In other Valeura Energy news, Director James D. Mcfarland sold 95,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$4.91, for a total value of C$466,450.00. In other Valeura Energy news, Director James D. Mcfarland sold 95,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$4.91, for a total value of C$466,450.00. Also, Director William Sean Guest sold 1,000,000 shares of the firm's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$5.52, for a total value of C$5,520,000.00. 18.91% of the stock is currently owned by company insiders.

Valeura Energy Stock Performance

The firm has a market capitalization of C$596.04 million, a P/E ratio of 2.55 and a beta of 0.82. The company has a current ratio of 1.35, a quick ratio of 3.37 and a debt-to-equity ratio of 25.91. The company has a 50-day moving average of C$4.37 and a 200-day moving average of C$3.65.

About Valeura Energy

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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.

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