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Valeura Energy (TSE:VLE) Stock Passes Above 200 Day Moving Average - Here's Why

Valeura Energy logo with Energy background

Valeura Energy Inc. (TSE:VLE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.39 and traded as high as C$7.79. Valeura Energy shares last traded at C$7.71, with a volume of 264,352 shares trading hands.

Valeura Energy Trading Down 4.8 %

The company has a debt-to-equity ratio of 13.13, a quick ratio of 3.37 and a current ratio of 1.82. The firm has a market cap of C$784.87 million, a PE ratio of 14.98 and a beta of 0.81. The stock has a 50-day simple moving average of C$6.82 and a two-hundred day simple moving average of C$5.39.

Insiders Place Their Bets

In other news, Director James D. Mcfarland sold 100,000 shares of Valeura Energy stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$7.70, for a total transaction of C$770,200.00. Company insiders own 18.32% of the company's stock.

Valeura Energy Company Profile

(Get Free Report)

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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