Valeura Energy (TSE:VLE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Valeura Energy Inc. (TSE:VLE) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.04 and traded as high as C$7.50. Valeura Energy shares last traded at C$7.41, with a volume of 155,219 shares trading hands.

Valeura Energy Stock Performance

The stock’s fifty day moving average is C$7.54 and its two-hundred day moving average is C$6.04. The firm has a market capitalization of C$485.92 million, a price-to-earnings ratio of 5.82 and a beta of 0.81. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91.

Insider Activity at Valeura Energy

In other Valeura Energy news, Director James D. Mcfarland sold 100,000 shares of the stock in a transaction 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

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.