Alvopetro Energy (CVE:ALV) Director Corey Christopher Ruttan Sells 15,000 Shares

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$9.90, for a total value of C$148,500.00. Following the completion of the sale, the director directly owned 913,583 shares in the company, valued at approximately C$9,044,471.70. This trade represents a 1.62% decrease in their position.

Corey Christopher Ruttan also recently made the following trade(s):

• On Tuesday, August 11th, Corey Christopher Ruttan sold 14,900 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.90, for a total value of C$147,510.00.
• On Wednesday, August 12th, Corey Christopher Ruttan sold 10,200 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.91, for a total value of C$101,082.00.

Alvopetro Energy Stock Performance

ALV stock traded up C$0.23 during mid-day trading on Friday, reaching C$10.16. The company had a trading volume of 52,854 shares, compared to its average volume of 50,307. The company has a quick ratio of 1.95, a current ratio of 1.47 and a debt-to-equity ratio of 24.57. The stock has a market capitalization of C$379.05 million, a P/E ratio of 13.73 and a beta of -0.73. Alvopetro Energy Ltd. has a one year low of C$5.67 and a one year high of C$10.54. The stock’s 50-day simple moving average is C$9.25 and its two-hundred day simple moving average is C$8.70.

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.