Valeura Energy (TSE:VLE) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Valeura Energy Inc. (TSE:VLE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.93 and traded as high as C$6.65. Valeura Energy shares last traded at C$6.60, with a volume of 105,803 shares traded.

Analyst Upgrades and Downgrades

Separately, Cormark raised shares of Valeura Energy to a “strong-buy” rating in a report on Monday, September 23rd.

Valeura Energy Trading Up 3.1 %

The firm has a market capitalization of C$705.74 million, a PE ratio of 13.47 and a beta of 0.81. The firm has a 50 day simple moving average of C$5.50 and a 200 day simple moving average of C$4.93. The company has a current ratio of 1.82, a quick ratio of 3.37 and a debt-to-equity ratio of 13.13.

Valeura Energy Company Profile

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.