Valeura Energy (TSE:VLE) Stock Price Up 15.3% - Here's Why

Key Points

• Valeura Energy's stock price surged by 15.3% to C$8.07, marking a significant increase from its previous close of C$7.00.
• A total of 470,911 shares were traded, which is a 34% rise in volume compared to the average trading session.
• The company has a market capitalization of C$558.05 million and a PE ratio of 6.68, indicating a potentially undervalued stock.
• Valeura Energy focuses on expanding operations in Southeast Asia through organic growth and acquisitions, targeting assets with immediate cash flow opportunities.

Valeura Energy Inc. (TSE:VLE - Get Free Report) rose 15.3% during mid-day trading on Friday . The company traded as high as C$8.30 and last traded at C$8.07. Approximately 470,911 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 351,983 shares. The stock had previously closed at C$7.00.

Valeura Energy Price Performance

The company has a debt-to-equity ratio of 25.27, a current ratio of 1.91 and a quick ratio of 3.37. The stock has a market capitalization of C$598.71 million, a price-to-earnings ratio of 7.17 and a beta of 0.81. The stock's 50 day simple moving average is C$7.39 and its 200-day simple moving average is C$7.50.

Valeura Energy Company Profile

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.