Valeura Energy (TSE:VLE) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Valeura Energy Inc. (TSE:VLE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

Separately, Cormark upgraded Valeura Energy to a “strong-buy” rating in a research note on Monday, September 23rd.

Valeura Energy Stock Down 4.5 %

The firm has a market capitalization of C$566.73 million, a P/E ratio of 10.82 and a beta of 0.81. 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 stock has a 50 day moving average of C$4.59 and a 200-day moving average of C$4.79.

About Valeura Energy

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.