Alvopetro Energy (OTCMKTS:ALVOF) Announces Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) released its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, Zacks reports. Alvopetro Energy had a net margin of 29.06% and a return on equity of 27.00%.

Alvopetro Energy Stock Performance

Shares of ALVOF stock opened at $3.23 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $3.45 and a 200 day moving average price of $3.53. The company has a market cap of $117.70 million, a P/E ratio of 8.28 and a beta of 0.09. Alvopetro Energy has a 12 month low of $2.85 and a 12 month high of $4.11.

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.