Alvopetro Energy (CVE:ALV) Stock Price Down 0.2% – Should You Sell?

Alvopetro Energy Ltd. (CVE:ALV) traded down 0.2% during trading on Wednesday . The company traded as low as C$5.93 and last traded at C$6.00. 14,056 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 18,227 shares. The stock had previously closed at C$6.01.

Alvopetro Energy Trading Down 0.2%

The business’s 50 day simple moving average is C$6.45 and its 200 day simple moving average is C$6.20. The company has a debt-to-equity ratio of 9.27, a current ratio of 2.10 and a quick ratio of 1.95. The company has a market capitalization of C$220.39 million, a price-to-earnings ratio of 11.54 and a beta of -0.71.

Alvopetro Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.7%. Alvopetro Energy’s payout ratio is currently 75.00%.

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.