Valeura Energy (TSE:VLE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Valeura Energy stock price has crossed above its 200-day moving average, indicating a potential shift in market momentum.
• The current stock price is C$7.59, with a notable market capitalization of C$806.26 million and a PE ratio of 3.60.
• The company is focused on growth through acquisitions and organic expansion in Southeast Asia, with a strategy aimed at enhancing shareholder value.

Valeura Energy Inc. (TSE:VLE - )'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.61 and traded as high as C$7.63. Valeura Energy shares last traded at C$7.59, with a volume of 292,582 shares traded.

Valeura Energy Stock Performance

The company has a 50-day moving average price of C$7.92 and a two-hundred day moving average price of C$7.61. The company has a quick ratio of 3.37, a current ratio of 1.91 and a debt-to-equity ratio of 25.27. The company has a market capitalization of C$806.26 million, a PE ratio of 3.60 and a beta of -2.74.

About Valeura Energy

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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