Alvopetro Energy (CVE:ALV) Stock Price Down 1.7% – Here’s Why

Alvopetro Energy Ltd. (CVE:ALV) was down 1.7% during mid-day trading on Wednesday. The company traded as low as C$9.25 and last traded at C$9.34. 36,081 shares changed hands during trading, a decline of 26% from the average daily volume of 48,968 shares. The stock had previously closed at C$9.50.

Alvopetro Energy Trading Down 1.7%

The stock has a market cap of C$348.46 million, a PE ratio of 12.62 and a beta of -0.88. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47. The company’s 50-day moving average price is C$10.06 and its 200 day moving average price is C$9.32.

Insider Buying and Selling

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

Alvopetro Energy Company Profile

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.