Alvopetro Energy (CVE:ALV) Reaches New 1-Year High – Time to Buy?

Alvopetro Energy Ltd. (CVE:ALVGet Free Report) reached a new 52-week high on Thursday . The company traded as high as C$8.21 and last traded at C$7.95, with a volume of 35578 shares trading hands. The stock had previously closed at C$7.92.

Alvopetro Energy Stock Down 1.1%

The company has a market cap of C$287.61 million, a PE ratio of 15.06 and a beta of -0.65. The stock’s 50 day moving average price is C$6.76 and its 200-day moving average price is C$6.46. The company has a debt-to-equity ratio of 9.27, a quick ratio of 1.95 and a current ratio of 2.10.

About Alvopetro Energy

(Get Free Report)

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.

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