Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells 1,200 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Firoz Karmali Talakshi sold 1,200 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$8.35, for a total value of C$10,020.00. Following the completion of the sale, the director owned 10,800 shares in the company, valued at C$90,180. This trade represents a 10.00% decrease in their ownership of the stock.

Alvopetro Energy Price Performance

CVE:ALV traded down C$0.17 during trading hours on Monday, reaching C$8.14. The company had a trading volume of 30,639 shares, compared to its average volume of 53,109. The stock has a 50-day moving average of C$8.80 and a two-hundred day moving average of C$7.57. Alvopetro Energy Ltd. has a one year low of C$5.65 and a one year high of C$10.54. The firm has a market capitalization of C$301.78 million, a PE ratio of 12.33 and a beta of -0.62. The company has a quick ratio of 1.95, a current ratio of 1.68 and a debt-to-equity ratio of 26.18.

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.