Valener (TSE:VNR) Stock Crosses Above Two Hundred Day Moving Average of $25.52

Valener Inc (TSE:VNR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.52 and traded as high as $25.93. Valener shares last traded at $25.92, with a volume of 17,687 shares traded.

The company has a debt-to-equity ratio of 9.84, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50-day simple moving average of C$25.87 and a two-hundred day simple moving average of C$25.52. The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 17.67.

Valener (TSE:VNR) last issued its earnings results on Thursday, August 8th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$0.35 million during the quarter. Research analysts anticipate that Valener Inc will post 1.4799999 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.63%. The ex-dividend date is Friday, September 27th. Valener’s dividend payout ratio is presently 81.17%.

About Valener (TSE:VNR)

Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.

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