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

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

Analyst Ratings Changes

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

Valeura Energy Price Performance

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 stock has a market capitalization of C$655.48 million, a P/E ratio of 11.84 and a beta of 0.81. The company’s 50 day simple moving average is C$4.77 and its two-hundred day simple moving average is C$4.77.

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.