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

Shares of Valeura Energy Inc. (TSE:VLE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.02 and traded as high as C$11.05. Valeura Energy shares last traded at C$10.86, with a volume of 121,820 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on VLE shares. Cormark raised shares of Valeura Energy to a “moderate buy” rating in a research note on Tuesday, November 11th. Roth Mkm upgraded Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Valeura Energy presently has an average rating of “Strong Buy”.

Valeura Energy Price Performance

The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91. The business has a 50 day simple moving average of C$9.39 and a 200-day simple moving average of C$8.02. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 4.76 and a beta of -0.48.

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.