Valeura Energy (TSE:VLE) Sets New 12-Month High – Here’s Why

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high during trading on Monday . The stock traded as high as C$8.21 and last traded at C$8.16, with a volume of 413780 shares trading hands. The stock had previously closed at C$7.92.

Analysts Set New Price Targets

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

Valeura Energy Trading Up 3.0 %

The business’s 50 day simple moving average is C$6.46 and its 200-day simple moving average is C$5.22. The stock has a market capitalization of C$872.55 million, a P/E ratio of 16.65 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.

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.