Valeura Energy (TSE:VLE) Trading Down 18.1%

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Valeura Energy Inc. (TSE:VLE) shares fell 18.1% on Wednesday . The company traded as low as C$0.76 and last traded at C$0.77, 550,696 shares were traded during mid-day trading. An increase of 103% from the average session volume of 270,778 shares. The stock had previously closed at C$0.94.

Separately, Royal Bank of Canada lowered their price objective on Valeura Energy from C$8.00 to C$3.50 in a report on Monday, October 21st.

The stock has a fifty day simple moving average of C$1.71 and a two-hundred day simple moving average of C$2.28. The company has a market cap of $71.00 million and a PE ratio of -8.08. The company has a current ratio of 7.81, a quick ratio of 7.56 and a debt-to-equity ratio of 0.12.

Valeura Energy (TSE:VLE) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of C($0.02). The business had revenue of C$3.27 million during the quarter. As a group, equities research analysts anticipate that Valeura Energy Inc. will post -0.08 EPS for the current fiscal year.

Valeura Energy Company Profile (TSE:VLE)

Valeura Energy Inc engages in the exploration, development, and production of petroleum and natural gas properties in Turkey. The company has interests in various oil and gas properties primarily located in the Thrace Basin located in northwest Turkey. As of December 31, 2017, it had interests in 91 gross producing wells.

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