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

Valeura Energy logo with Energy background

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$6.89 and traded as high as C$7.47. Valeura Energy shares last traded at C$7.46, with a volume of 191,088 shares traded.

Valeura Energy Stock Performance

The firm has a market cap of C$533.79 million, a price-to-earnings ratio of 6.39 and a beta of 0.81. The stock has a 50-day moving average of C$7.49 and a 200-day moving average of C$6.97. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91.

Valeura Energy Company Profile

(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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