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Valeura Energy (TSE:VLE) Share Price Passes Above 200 Day Moving Average - Here's Why

Valeura Energy logo with Energy background

Valeura Energy Inc. (TSE:VLE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.00 and traded as high as C$7.77. Valeura Energy shares last traded at C$7.34, with a volume of 314,808 shares changing hands.

Valeura Energy Stock Performance

The company has a market capitalization of C$481.33 million, a P/E ratio of 5.76 and a beta of 0.81. The business has a 50-day moving average of C$7.54 and a 200-day moving average of C$7.00. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.91 and a quick ratio of 3.37.

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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