Valeura Energy (TSE:VLE) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Valeura Energy Inc. (TSE:VLEGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.64 and traded as high as C$8.03. Valeura Energy shares last traded at C$7.98, with a volume of 190,457 shares.

Valeura Energy Stock Down 0.7%

The company’s fifty day simple moving average is C$7.89 and its 200-day simple moving average is C$7.64. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.91 and a quick ratio of 3.37. The firm has a market capitalization of C$851.07 million, a PE ratio of 3.78 and a beta of -2.41.

Valeura Energy Company Profile

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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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