Shares of Valeura Energy Inc. (TSE:VLE) shot up 11.4% during trading on Wednesday . The company traded as high as C$3.04 and last traded at C$2.93. 334,666 shares were traded during mid-day trading, a decline of 31% from the average session volume of 483,417 shares. The stock had previously closed at C$2.63.
Separately, Royal Bank of Canada restated an “outperform” rating and issued a C$7.00 price objective on shares of Valeura Energy in a research report on Tuesday, September 4th.
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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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