Valeura Energy (TSE:VLE) Hits New 12-Month High Following Analyst Upgrade

Valeura Energy Inc. (TSE:VLE)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Cormark raised their price target on the stock from C$11.50 to C$12.00. The stock traded as high as C$6.10 and last traded at C$6.05, with a volume of 225713 shares traded. The stock had previously closed at C$5.74.

Insider Buying and Selling

In other Valeura Energy news, Director James D. Mcfarland sold 95,000 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of C$4.91, for a total transaction of C$466,450.00. In other Valeura Energy news, Director James D. Mcfarland sold 95,000 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of C$4.91, for a total transaction of C$466,450.00. Also, Director William Sean Guest sold 1,000,000 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. 18.91% of the stock is owned by corporate insiders.

Valeura Energy Trading Up 0.3 %

The company has a market capitalization of C$598.11 million, a price-to-earnings ratio of 2.43 and a beta of 0.82. The company has a 50-day moving average price of C$4.47 and a 200-day moving average price of C$3.68. The company has a quick ratio of 3.37, a current ratio of 1.35 and a debt-to-equity ratio of 25.91.

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.