Alvopetro Energy (CVE:ALV) Trading Down 1.9%

Alvopetro Energy Ltd. (CVE:ALV)’s share price dropped 1.9% on Friday . The stock traded as low as C$4.69 and last traded at C$4.69. Approximately 5,555 shares were traded during trading, a decline of 82% from the average daily volume of 30,852 shares. The stock had previously closed at C$4.78.

Alvopetro Energy Trading Down 1.9 %

The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.95 and a current ratio of 2.02. The company has a 50 day simple moving average of C$5.12 and a two-hundred day simple moving average of C$6.34. The firm has a market cap of C$171.75 million, a PE ratio of 4.55 and a beta of 0.62.

Alvopetro Energy (CVE:ALV) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.33 earnings per share for the quarter, meeting the consensus estimate of C$0.33. Alvopetro Energy had a return on equity of 34.66% and a net margin of 49.15%. The business had revenue of C$20.83 million for the quarter. Analysts expect that Alvopetro Energy Ltd. will post 1.328125 EPS for the current fiscal year.

Insider Transactions at Alvopetro Energy

In other news, Director John David Wright sold 90,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$4.15, for a total value of C$373,770.00. Company insiders own 18.49% of the company’s stock.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.