Valeura Energy (TSE:VLE) Shares Cross Above 200 Day Moving Average – Time to Sell?

Valeura Energy Inc. (TSE:VLE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Valeura Energy Stock Up 1.3 %

The firm has a market cap of C$492.48 million, a PE ratio of 5.90 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. The company’s 50-day simple moving average is C$7.55 and its two-hundred day simple moving average is C$6.05.

Insider Transactions at Valeura Energy

In other news, Director James D. Mcfarland sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$7.70, for a total value of C$770,200.00. Corporate 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.