Alvopetro Energy (CVE:ALV) Shares Down 1.9%

Alvopetro Energy Ltd. (CVE:ALV) shares fell 1.9% on Friday . The company traded as low as C$4.69 and last traded at C$4.69. 5,555 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 30,852 shares. The stock had previously closed at C$4.78.

Alvopetro Energy Trading Down 1.9 %

The firm has a market capitalization of C$171.75 million, a P/E ratio of 4.55 and a beta of 0.62. The stock’s 50-day simple moving average is C$5.15 and its two-hundred day simple moving average is C$6.36. The company has a debt-to-equity ratio of 9.84, a current ratio of 2.02 and a quick ratio of 1.95.

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

Insider Buying and Selling

In related news, Director John David Wright sold 60,000 shares of Alvopetro Energy stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$4.09, for a total transaction of C$245,298.00. 18.49% of the stock is currently owned by company insiders.

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.