Valeura Energy (TSE:VLE) Trading Up 10.4% – Here’s What Happened

Valeura Energy Inc. (TSE:VLE)’s share price was up 10.4% on Friday . The stock traded as high as C$7.23 and last traded at C$7.22. Approximately 297,014 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 333,231 shares. The stock had previously closed at C$6.54.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Valeura Energy to a “moderate buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Valeura Energy Trading Up 8.7%

The company has a 50 day moving average of C$6.87 and a 200-day moving average of C$7.42. The stock has a market cap of C$755.27 million, a price-to-earnings ratio of 3.37 and a beta of -3.76. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91.

About Valeura Energy

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.