Valeura Energy (TSE:VLE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Valeura Energy Inc. (TSE:VLEGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.69 and traded as high as C$11.26. Valeura Energy shares last traded at C$11.16, with a volume of 632,076 shares.

Valeura Energy Stock Up 3.1%

The company has a debt-to-equity ratio of 12.91, a current ratio of 2.24 and a quick ratio of 3.37. The firm has a 50-day simple moving average of C$13.03 and a two-hundred day simple moving average of C$10.69. The company has a market cap of C$1.18 billion, a PE ratio of 85.85 and a beta of -1.02.

Valeura Energy (TSE:VLEGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. Valeura Energy had a return on equity of 2.21% and a net margin of 2.55%.The business had revenue of C$135.87 million for the quarter. Research analysts anticipate that Valeura Energy Inc. will post 0.4117109 earnings per share for the current fiscal year.

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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