Valeura Energy (TSE:VLE) Reaches New 52-Week High – Should You Buy?

Valeura Energy Inc. (TSE:VLE)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$6.14 and last traded at C$6.08, with a volume of 498049 shares traded. The stock had previously closed at C$5.80.

Analyst Upgrades and Downgrades

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

Valeura Energy Trading Up 5.7 %

The company has a market capitalization of C$655.48 million, a PE ratio of 11.84 and a beta of 0.81. The business’s 50-day simple moving average is C$4.77 and its two-hundred day simple moving average is C$4.77. The company has a current ratio of 1.82, a quick ratio of 3.37 and a debt-to-equity ratio of 13.13.

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.