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

Valeura Energy Inc. (TSE:VLE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.51 and traded as high as C$7.30. Valeura Energy shares last traded at C$7.12, with a volume of 299,207 shares traded.

Valeura Energy Stock Down 2.9 %

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 company has a market capitalization of C$761.34 million, a PE ratio of 14.53 and a beta of 0.81. The business has a 50-day moving average of C$7.04 and a 200 day moving average of C$5.51.

Insiders Place Their Bets

In other Valeura Energy news, Director James D. Mcfarland sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$7.70, for a total transaction of C$770,200.00. 18.32% of the stock is currently owned by insiders.

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.