Valeura Energy (TSE:VLE) Sets New 12-Month High – Still a Buy?

Shares of Valeura Energy Inc. (TSE:VLE) reached a new 52-week high on Monday . The company traded as high as C$7.35 and last traded at C$7.24, with a volume of 18954 shares trading hands. The stock had previously closed at C$7.31.

Analyst Upgrades and Downgrades

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

Valeura Energy Price Performance

The company’s 50-day moving average is C$5.99 and its two-hundred day moving average is C$5.04. 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 firm has a market cap of C$766.69 million, a P/E ratio of 14.63 and a beta of 0.81.

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.