Valeura Energy (TSE:VLE) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Valeura Energy Inc. (TSE:VLE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.93 and traded as high as C$6.65. Valeura Energy shares last traded at C$6.60, with a volume of 105,803 shares.

Analyst Ratings Changes

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

Valeura Energy Price Performance

The firm has a 50 day moving average of C$5.50 and a 200-day moving average of C$4.93. The company has a current ratio of 1.82, a quick ratio of 3.37 and a debt-to-equity ratio of 13.13. The company has a market cap of C$705.74 million, a P/E ratio of 13.47 and a beta of 0.81.

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.