Alvopetro Energy (CVE:ALV) Director Sells C$86,000.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) Director John David Wright sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$8.60, for a total value of C$86,000.00. Following the transaction, the director directly owned 23,367 shares in the company, valued at C$200,956.20. This represents a 29.97% decrease in their ownership of the stock.

John David Wright also recently made the following trade(s):

• On Wednesday, May 27th, John David Wright sold 488 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.29, for a total value of C$4,045.52.
• On Thursday, May 28th, John David Wright sold 100 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.29, for a total value of C$829.00.
• On Tuesday, May 26th, John David Wright sold 7,037 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.33, for a total value of C$58,618.21.
• On Tuesday, May 26th, John David Wright sold 1,600 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.29, for a total value of C$13,264.00.
• On Friday, May 15th, John David Wright sold 5,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.60, for a total value of C$43,000.00.
• On Friday, May 15th, John David Wright sold 700 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.60, for a total value of C$6,020.00.
• On Friday, May 15th, John David Wright sold 10,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.47, for a total value of C$84,700.00.
• On Wednesday, April 15th, John David Wright sold 8,500 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.54, for a total value of C$72,590.00.
• On Wednesday, April 15th, John David Wright sold 10,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.58, for a total value of C$85,800.00.
• On Thursday, April 16th, John David Wright sold 2,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.53, for a total value of C$17,060.00.

Alvopetro Energy Stock Down 4.3%

Shares of ALV stock opened at C$8.41 on Friday. The stock’s 50-day simple moving average is C$8.74 and its 200-day simple moving average is C$7.72. The company has a debt-to-equity ratio of 26.18, a quick ratio of 1.95 and a current ratio of 1.68. The firm has a market capitalization of C$311.79 million, a PE ratio of 12.74 and a beta of -0.64. Alvopetro Energy Ltd. has a fifty-two week low of C$5.65 and a fifty-two week high of C$10.54.

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.