Valeura Energy (TSE:VLE) Reaches New 12-Month High - What's Next?

Key Points

• Valeura Energy has reached a new 52-week high, trading at C$9.35 and closing at C$9.23 with a trading volume of 161,158 shares.
• The company boasts a market capitalization of C$615.10 million and operates with a PE ratio of 7.37, indicating potential growth opportunities.
• Valeura Energy is focusing on expanding operations in Southeast Asia through organic growth and acquisitions, emphasizing assets that offer immediate cash flow.

Valeura Energy Inc. (TSE:VLE - ) reached a new 52-week high on Thursday . The stock traded as high as C$9.35 and last traded at C$9.23, with a volume of 161158 shares. The stock had previously closed at C$9.03.

Valeura Energy Stock Performance

The firm's fifty day moving average price is C$7.42 and its 200 day moving average price is C$7.51. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27. The firm has a market capitalization of C$615.10 million, a PE ratio of 7.37 and a beta of 0.81.

Valeura Energy Company Profile

Valeura Energy Inc is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.