Valeura Energy (TSE:VLE) Hits New 1-Year High – What’s Next?

Valeura Energy Inc. (TSE:VLE) shares hit a new 52-week high on Tuesday . The stock traded as high as C$6.97 and last traded at C$6.95, with a volume of 56438 shares changing hands. The stock had previously closed at C$6.79.

Analysts Set New Price Targets

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

Valeura Energy Trading Up 4.0 %

The stock’s 50-day simple moving average is C$5.69 and its two-hundred day simple moving average is C$4.96. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.82 and a quick ratio of 3.37. The firm has a market capitalization of C$754.93 million, a P/E ratio of 14.41 and a beta of 0.81.

About Valeura Energy

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.