Valeura Energy (TSE:VLE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Valeura Energy Inc. (TSE:VLE) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.89 and traded as high as C$6.80. Valeura Energy shares last traded at C$6.60, with a volume of 394,820 shares changing hands.

Wall Street Analysts Forecast Growth

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

Valeura Energy Stock Performance

The stock has a market cap of C$705.74 million, a price-to-earnings ratio of 13.47 and a beta of 0.81. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.82 and a quick ratio of 3.37. The stock’s 50-day moving average is C$5.28 and its 200-day moving average is C$4.89.

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.