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Valeura Energy (TSE:VLE) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Valeura Energy logo with Energy background

Key Points

  • Valeura Energy's share price has recently crossed above its 200-day moving average of C$7.64, currently trading at C$7.98.
  • The company has a market capitalization of C$851.07 million and a low PE ratio of 3.78, indicating potential undervaluation.
  • Valeura Energy is actively expanding operations in Southeast Asia, focusing on growth through acquisitions and assets with immediate cash flow opportunities.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.64 and traded as high as C$8.03. Valeura Energy shares last traded at C$7.98, with a volume of 190,457 shares traded.

Valeura Energy Trading Down 3.7%

The company has a market cap of C$781.83 million, a price-to-earnings ratio of 3.49 and a beta of -2.74. 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's 50-day moving average price is C$7.89 and its 200 day moving average price is C$7.64.

About Valeura Energy

(Get Free Report)

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.

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