Alvopetro Energy (CVE:ALV) Stock Falls 1.7% – Should You Sell?

Alvopetro Energy Ltd. (CVE:ALV) shares dropped 1.7% during trading on Wednesday. The company traded as low as C$9.25 and last traded at C$9.34. 36,081 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 48,968 shares. The stock had previously closed at C$9.50.

Alvopetro Energy Stock Performance

The company’s 50-day moving average is C$10.05 and its two-hundred day moving average is C$9.32. The stock has a market capitalization of C$361.14 million, a P/E ratio of 13.08 and a beta of -0.88. The company has a current ratio of 1.47, a quick ratio of 1.95 and a debt-to-equity ratio of 24.57.

Insider Activity at Alvopetro Energy

In other news, Director Corey Christopher Ruttan sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 913,583 shares of the company’s stock, valued at approximately C$9,044,471.70. This represents a 1.62% decrease in their position. In the last ninety days, insiders sold 40,100 shares of company stock valued at $397,092. 19.35% 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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.