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

Valeura Energy Inc. (TSE:VLE)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.14 and traded as high as C$7.80. Valeura Energy shares last traded at C$7.75, with a volume of 218,211 shares.

Valeura Energy Trading Down 0.4 %

The business’s fifty day moving average price is C$7.57 and its 200 day moving average price is C$6.15. The company has a quick ratio of 3.37, a current ratio of 1.91 and a debt-to-equity ratio of 25.27. The firm has a market capitalization of C$508.21 million, a PE ratio of 6.09 and a beta of 0.81.

Insider Buying and Selling

In related news, Director James D. Mcfarland sold 100,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$7.70, for a total value of C$770,200.00. 18.32% of the stock is owned by company 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.