Valener (TSE:VNR) Share Price Passes Below 200 Day Moving Average of $25.05

Shares of Valener Inc (TSE:VNR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.05 and traded as low as $25.92. Valener shares last traded at $25.92, with a volume of 9,415 shares.

The business’s 50 day moving average price is C$25.86 and its 200 day moving average price is C$25.05. The stock has a market capitalization of $1.02 billion and a P/E ratio of 17.69. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.63%. Valener’s dividend payout ratio is presently 81.17%.

Valener Company Profile (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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