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Valeura Energy (TSE:VLE) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Valeura Energy logo with Energy background

Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on Valeura Energy

Valeura Energy Stock Down 4.5 %

The stock has a market capitalization of C$566.73 million, a price-to-earnings ratio of 10.82 and a beta of 0.81. The firm's fifty day moving average is C$4.59 and its 200-day moving average is C$4.79. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.82 and a quick ratio of 3.37.

About Valeura Energy

(Get Free Report)

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.

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