Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells 3,000 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Firoz Karmali Talakshi sold 3,000 shares of Alvopetro Energy stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$8.20, for a total value of C$24,600.00. Following the completion of the sale, the director directly owned 2,800 shares in the company, valued at C$22,960. This trade represents a 51.72% decrease in their ownership of the stock.

Firoz Karmali Talakshi also recently made the following trade(s):

• On Monday, May 25th, Firoz Karmali Talakshi sold 1,500 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.24, for a total value of C$12,360.00.
• On Monday, May 25th, Firoz Karmali Talakshi sold 1,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.27, for a total value of C$8,270.00.
• On Friday, May 22nd, Firoz Karmali Talakshi sold 1,200 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.35, for a total value of C$10,020.00.

Alvopetro Energy Trading Up 2.6%

ALV traded up C$0.21 on Tuesday, hitting C$8.31. The company had a trading volume of 42,570 shares, compared to its average volume of 53,137. The company has a market cap of C$308.08 million, a PE ratio of 12.59 and a beta of -0.62. Alvopetro Energy Ltd. has a 12-month low of C$5.65 and a 12-month high of C$10.54. The company has a quick ratio of 1.95, a current ratio of 1.68 and a debt-to-equity ratio of 26.18. The business’s fifty day simple moving average is C$8.80 and its 200 day simple moving average is C$7.60.

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.