Valeura Energy Inc. (TSE:VLE)’s share price was up 9.8% during trading on Thursday following a stronger than expected earnings report. The company traded as high as C$2.82 and last traded at C$2.80. Approximately 173,885 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 214,152 shares. The stock had previously closed at C$2.55.

The company reported C($0.01) earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.01. The company had revenue of C$3.15 million during the quarter.

The stock has a market capitalization of $230.85 million and a price-to-earnings ratio of -29.13.

WARNING: “Valeura Energy (VLE) Trading Up 9.8% on Earnings Beat” was first published by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/valeura-energy-vle-trading-up-9-8-on-earnings-beat/2895555.html.

About Valeura Energy (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.

Recommended Story: Put Option Volume

Receive News & Ratings for Valeura Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valeura Energy and related companies with MarketBeat.com's FREE daily email newsletter.