Valeura Energy (TSE:VLE) Shares Up 8.2% – Here’s Why

Valeura Energy Inc. (TSE:VLE) shares rose 8.2% during trading on Thursday . The company traded as high as C$8.15 and last traded at C$7.92. Approximately 232,965 shares were traded during trading, a decline of 40% from the average daily volume of 388,911 shares. The stock had previously closed at C$7.32.

Valeura Energy Price Performance

The company has a market cap of C$886.45 million, a PE ratio of 16.92 and a beta of 0.81. 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 company has a 50-day moving average price of C$7.16 and a two-hundred day moving average price of C$5.62.

Insider Buying and Selling at Valeura Energy

In other news, Director James D. Mcfarland sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$7.70, for a total transaction of C$770,200.00. 18.32% of the stock is owned by corporate insiders.

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.