Shares of Alvopetro Energy Ltd. (CVE:ALV – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$11.10 and last traded at C$10.96, with a volume of 22682 shares. The stock had previously closed at C$10.72.
Alvopetro Energy Price Performance
The firm has a market cap of C$409.64 million, a P/E ratio of 14.84 and a beta of -0.75. The firm’s fifty day simple moving average is C$9.73 and its 200 day simple moving average is C$9.04. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47.
Insider Buying and Selling
In other news, insider Adrian Audet sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$9.00, for a total transaction of C$45,000.00. Following the sale, the insider directly owned 134,179 shares of the company’s stock, valued at C$1,207,611. This represents a 3.59% decrease in their position. Also, Director Corey Christopher Ruttan sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$9.90, for a total value of C$148,500.00. Following the transaction, the director owned 913,583 shares of the company’s stock, valued at C$9,044,471.70. This represents a 1.62% decrease in their ownership of the stock. In the last ninety days, insiders sold 59,100 shares of company stock worth $565,092. Corporate insiders own 19.35% 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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.
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