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Valeura Energy (TSE:VLE) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Valeura Energy logo with Energy background

Key Points

  • Valeura Energy Inc. stock surpassed its 200-day moving average, reaching a trading high of C$8.84, before closing at C$8.25.
  • The company has a market cap of C$541 million and a price-to-earnings ratio of 6.48, indicating strong valuation metrics.
  • Valeura Energy is focused on growth through organic expansion and acquisitions in Southeast Asia, targeting assets with immediate cash flow potential.
  • 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 Thursday . The stock has a 200-day moving average of C$7.56 and traded as high as C$8.84. Valeura Energy shares last traded at C$8.25, with a volume of 547,551 shares.

Valeura Energy Stock Up 1.6%

The company has a market cap of C$551.49 million, a PE ratio of 6.60 and a beta of 0.81. The business has a 50-day simple moving average of C$7.73 and a 200-day simple moving average of C$7.56. The company has a quick ratio of 3.37, a current ratio of 1.91 and a debt-to-equity ratio of 25.27.

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.

Further Reading

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