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Valeura Energy (TSE:VLE) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Valeura Energy logo with Energy background

Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.42 and traded as high as C$7.78. Valeura Energy shares last traded at C$7.48, with a volume of 146,901 shares changing hands.

Valeura Energy Stock Down 1.1%

The business's fifty day simple moving average is C$7.49 and its 200 day simple moving average is C$7.44. The stock has a market cap of C$470.18 million, a price-to-earnings ratio of 5.63 and a beta of 0.81. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27.

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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