Valeura Energy (TSE:VLE) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

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.

Valeura Energy Inc. (TSE:VLE - ) 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 Stock Down 1.9%

The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27. The company has a market cap of C$543.63 million, a price-to-earnings ratio of 6.51 and a beta of 0.81. The firm's fifty day simple moving average is C$7.86 and its 200 day simple moving average is C$7.62.

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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