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

Valeura Energy logo with Energy background

Key Points

  • Valeura Energy Inc. stock has recently crossed above its 200-day moving average, reaching a high of C$8.46 during trading.
  • The company's current ratio stands at 1.91, with a market cap of C$543.63 million and a low price-to-earnings ratio of 6.51.
  • Valeura Energy is focused on expanding its operations through organic growth and acquisitions in Southeast Asia, targeting assets with immediate cash flow potential.
  • MarketBeat previews the top five stocks to own by October 1st.

Valeura Energy Inc. (TSE:VLE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.62 and traded as high as C$8.46. Valeura Energy shares last traded at C$8.29, with a volume of 81,122 shares.

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 cap of C$857.47 million, a price-to-earnings ratio of 3.81 and a beta of -2.41. The stock has a fifty day moving average of C$7.87 and a 200 day moving average of C$7.64.

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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