Is price-to-earnings ratio of 10.34 for Cenovus Energy Inc. (NYSE:CVE) Stock digestible?

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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cenovus Energy Inc. (NYSE:CVE) raised 2.05% to close Friday’s market session at $16.43, higher as compared to yesterday’s close. The stock price fluctuated between $15.80 and $16.62 throughout the trading session with the volume trading being 13556533 shares, which represented a significant variation when compared to the three months average volume of 10.61 million shares. The firm’s stock price fluctuated -13.

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