Valeura Energy (TSE:VLE) Stock Passes Above 200-Day Moving Average - Here's What Happened

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.

Valeura Energy Inc. (TSE:VLE - )'s stock price passed 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 Price Performance

The stock has a fifty day moving average of C$7.67 and a 200 day moving average of C$7.56. The stock has a market cap of C$541.00 million, a price-to-earnings ratio of 6.48 and a beta of 0.81. 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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