Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells 14,900 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 14,900 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$9.90, for a total value of C$147,510.00. Following the completion of the transaction, the director owned 938,783 shares in the company, valued at C$9,293,951.70. This represents a 1.56% decrease in their position.

Corey Christopher Ruttan also recently made the following trade(s):

• On Wednesday, August 12th, Corey Christopher Ruttan sold 10,200 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.91, for a total transaction of C$101,082.00.
• On Thursday, August 13th, Corey Christopher Ruttan sold 15,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.90, for a total transaction of C$148,500.00.

Alvopetro Energy Stock Up 2.3%

Shares of ALV traded up C$0.23 during mid-day trading on Friday, hitting C$10.16. 52,854 shares of the company’s stock were exchanged, compared to its average volume of 50,307. The stock has a market cap of C$379.05 million, a price-to-earnings ratio of 13.73 and a beta of -0.73. The firm has a fifty day moving average of C$9.25 and a two-hundred day moving average of C$8.70. The company has a quick ratio of 1.95, a current ratio of 1.47 and a debt-to-equity ratio of 24.57. Alvopetro Energy Ltd. has a twelve month low of C$5.67 and a twelve month high of C$10.54.

About Alvopetro Energy

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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.