Alvopetro Energy Ltd. (CVE:ALV – Get Free Report)’s share price was up 2.6% during trading on Monday . The stock traded as high as C$9.29 and last traded at C$8.91. 84,030 shares were traded during trading, an increase of 61% from the average daily volume of 52,145 shares. The stock had previously closed at C$8.68.
Alvopetro Energy Stock Performance
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 stock has a fifty day simple moving average of C$8.69 and a two-hundred day simple moving average of C$8.22. The stock has a market cap of C$330.33 million, a PE ratio of 13.50 and a beta of -0.75.
Insider Transactions at Alvopetro Energy
In other news, Director John David Wright sold 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$8.47, for a total value of C$84,700.00. Following the completion of the transaction, the director directly owned 63,367 shares in the company, valued at approximately C$536,718.49. This represents a 13.63% decrease in their ownership of the stock. Also, Director Corey Christopher Ruttan sold 100,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of C$8.50, for a total transaction of C$850,000.00. Following the sale, the director directly owned 880,808 shares of the company’s stock, valued at approximately C$7,486,868. The trade was a 10.20% decrease in their ownership of the stock. Over the last three months, insiders have sold 256,525 shares of company stock valued at $2,189,810. Corporate insiders own 19.35% of the company’s stock.
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.
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