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

Valeura Energy logo with Energy background

Valeura Energy Inc. (TSE:VLE - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.41 and traded as high as C$7.80. Valeura Energy shares last traded at C$7.15, with a volume of 797,376 shares trading hands.

Valeura Energy Trading Up 19.2 %

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 business's 50-day moving average is C$7.61 and its 200 day moving average is C$6.49. The firm has a market capitalization of C$497.07 million, a P/E ratio of 5.95 and a beta of 0.81.

Insiders Place Their Bets

In other news, Director James D. Mcfarland sold 100,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was 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.

About Valeura Energy

(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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