Valeura Energy (TSE:VLE) Stock Crosses Above 200 Day Moving Average – What’s Next?

Valeura Energy Inc. (TSE:VLE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.79 and traded as high as C$5.58. Valeura Energy shares last traded at C$5.30, with a volume of 386,566 shares changing hands.

Analyst Ratings Changes

Separately, Cormark upgraded Valeura Energy to a “strong-buy” rating in a research report on Monday, September 23rd.

Valeura Energy Stock Performance

The company has a 50-day moving average price of C$4.59 and a two-hundred day moving average price of C$4.79. The stock has a market capitalization of C$566.73 million, a P/E ratio of 10.82 and a beta of 0.81. The company has a quick ratio of 3.37, a current ratio of 1.82 and a debt-to-equity ratio of 13.13.

Valeura Energy Company Profile

Valeura Energy Inc, together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey. The company was founded in 2010 and is headquartered in Singapore.