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

Valeura Energy Inc. (TSE:VLEGet Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$8.63 and last traded at C$8.46, with a volume of 247769 shares trading hands. The stock had previously closed at C$8.42.

Valeura Energy Price Performance

The stock has a market cap of C$550.84 million, a P/E ratio of 6.60 and a beta of 0.81. The company has a 50 day simple moving average of C$7.61 and a 200 day simple moving average of C$6.27. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27.

Insiders Place Their Bets

In related news, Director James D. Mcfarland sold 100,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$7.70, for a total transaction of C$770,200.00. Insiders own 18.32% of the company’s stock.

About Valeura Energy

(Get Free Report)

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.

Further Reading

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