Alvopetro Energy (CVE:ALV) Stock Jumps 1.3% – What’s Next?

Shares of Alvopetro Energy Ltd. (CVE:ALV) traded up 1.3% on Wednesday. The stock traded as high as C$9.97 and last traded at C$9.85. 17,694 shares were traded during mid-day trading, a decline of 63% from the average session volume of 48,063 shares. The stock had previously closed at C$9.72.

Alvopetro Energy Stock Performance

The company has a debt-to-equity ratio of 24.57, a current ratio of 1.47 and a quick ratio of 1.95. The stock has a market cap of C$367.48 million, a PE ratio of 13.31 and a beta of -0.75. The business has a 50 day moving average price of C$10.15 and a two-hundred day moving average price of C$9.29.

Insider Transactions at Alvopetro Energy

In other Alvopetro Energy news, Director Corey Christopher Ruttan sold 15,000 shares of the business’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 transaction, the director owned 913,583 shares in the company, valued at approximately C$9,044,471.70. The trade was a 1.62% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 40,100 shares of company stock valued at $397,092. 19.35% of the stock is owned by company insiders.

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.