Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,400 shares, a growth of 214.3% from the February 29th total of 1,400 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is currently 0.1 days.
Alvopetro Energy Price Performance
Shares of OTCMKTS:ALVOF opened at $3.02 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $110.59 million, a PE ratio of 3.04 and a beta of 0.37. Alvopetro Energy has a twelve month low of $2.93 and a twelve month high of $8.07. The company has a 50-day moving average price of $4.19 and a two-hundred day moving average price of $5.15.
Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last issued its earnings results on Tuesday, March 19th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alvopetro Energy had a net margin of 47.79% and a return on equity of 42.00%. The firm had revenue of $15.30 million during the quarter.
Alvopetro Energy Cuts Dividend
About Alvopetro Energy
Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets; two exploration assets comprising Blocks 182 and the western portion of Block 183; and two oil fields, Bom Lugar and Mãe-da-lua, which include 22,166 acres in the Recôncavo basin onshore Brazil.
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