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Valeura Energy (TSE:VLE) Shares Cross Above 200-Day Moving Average - Time to Sell?

Valeura Energy logo with Energy background

Key Points

  • Valeura Energy Inc. shares have crossed above their 200-day moving average, reaching a high of C$9.13 and last trading at C$9.03.
  • The company has a debt-to-equity ratio of 25.27 and a market capitalization of C$592.15 million, indicating a healthy financial position.
  • Valeura Energy's growth strategy focuses on expanding operations in Southeast Asia with assets that promise immediate cash flow and reinvestment opportunities.
  • Looking to export and analyze Valeura Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.51 and traded as high as C$9.13. Valeura Energy shares last traded at C$9.03, with a volume of 228,146 shares trading hands.

Valeura Energy Stock Performance

The business's fifty day moving average price is C$7.54 and its 200-day moving average price is C$7.53. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91. The stock has a market cap of C$597.40 million, a PE ratio of 7.15 and a beta of 0.81.

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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