Alvopetro Energy (CVE:ALV) Director Sells C$101,082.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 10,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$9.91, for a total transaction of C$101,082.00. Following the completion of the transaction, the director directly owned 928,583 shares of the company’s stock, valued at approximately C$9,202,257.53. This represents a 1.09% decrease in their ownership of the stock.

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

• On Tuesday, August 11th, Corey Christopher Ruttan sold 14,900 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.90, for a total value of C$147,510.00.
• 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 Down 2.0%

Alvopetro Energy stock opened at C$10.02 on Wednesday. The company’s 50 day simple moving average is C$9.30 and its 200 day simple moving average is C$8.75. The firm has a market capitalization of C$373.83 million, a price-to-earnings ratio of 13.54 and a beta of -0.73. Alvopetro Energy Ltd. has a fifty-two week low of C$5.67 and a fifty-two week high of C$10.54. The company has a debt-to-equity ratio of 24.57, a current ratio of 1.47 and a quick ratio of 1.95.

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