Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells C$10,020.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Firoz Karmali Talakshi sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$8.35, for a total value of C$10,020.00. Following the sale, the director directly owned 10,800 shares in the company, valued at approximately C$90,180. The trade was a 10.00% decrease in their position.

Firoz Karmali Talakshi also recently made the following trade(s):

• On Tuesday, May 26th, Firoz Karmali Talakshi sold 3,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.20, for a total value of C$24,600.00.
• On Monday, May 25th, Firoz Karmali Talakshi sold 1,500 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.24, for a total value of C$12,360.00.
• On Monday, May 25th, Firoz Karmali Talakshi sold 1,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.27, for a total value of C$8,270.00.

Alvopetro Energy Stock Down 0.7%

Alvopetro Energy stock opened at C$8.25 on Thursday. The company has a debt-to-equity ratio of 26.18, a current ratio of 1.68 and a quick ratio of 1.95. The stock has a market capitalization of C$305.86 million, a price-to-earnings ratio of 12.50 and a beta of -0.62. Alvopetro Energy Ltd. has a 1-year low of C$5.65 and a 1-year high of C$10.54. The business has a fifty day moving average price of C$8.80 and a 200-day moving average price of C$7.61.

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.