Valeura Energy (TSE:VLE) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Valeura Energy Inc. shares have surpassed their 200-day moving average, indicating a potential upward trend in stock performance, with recent trading at C$8.24.
• The company holds a market capitalization of C$540.35 million and a price-to-earnings ratio of 6.47, demonstrating its current valuation metrics.
• Valeura Energy is focusing on organic growth and acquisitions in Southeast Asia, targeting assets that will generate immediate cash flow opportunities.

Valeura Energy Inc. (TSE:VLE - ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.58 and traded as high as C$8.25. Valeura Energy shares last traded at C$8.24, with a volume of 235,187 shares trading hands.

Valeura Energy Stock Performance

The company has a market capitalization of C$540.35 million, a price-to-earnings ratio of 6.47 and a beta of 0.81. The stock has a 50-day moving average price of C$7.80 and a 200-day moving average price of C$7.58. 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

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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