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

Valeura Energy Inc. (TSE:VLE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.97 and last traded at C$6.95, with a volume of 56438 shares traded. The stock had previously closed at C$6.79.

Wall Street Analyst Weigh In

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

Valeura Energy Trading Up 4.0 %

The company’s 50 day simple moving average is C$5.69 and its 200-day simple moving average is C$4.96. The firm has a market cap of C$754.93 million, a P/E ratio of 14.41 and a beta of 0.81. The company has a quick ratio of 3.37, a current ratio of 1.82 and a debt-to-equity ratio of 13.13.

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.