Alvopetro Energy (CVE:ALV) Director Corey Christopher Ruttan Sells 14,900 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 14,900 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$9.90, for a total value of C$147,510.00. Following the transaction, the director owned 938,783 shares of the company’s stock, valued at approximately C$9,293,951.70. This trade represents a 1.56% decrease in their ownership of the stock.

Corey Christopher Ruttan also recently made the following trade(s):

• On Wednesday, August 12th, Corey Christopher Ruttan sold 10,200 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.91, for a total transaction of C$101,082.00.
• On Thursday, August 13th, Corey Christopher Ruttan sold 15,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.90, for a total transaction of C$148,500.00.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock opened at C$10.16 on Monday. The firm has a market cap of C$379.05 million, a PE ratio of 13.73 and a beta of -0.73. Alvopetro Energy Ltd. has a 1 year low of C$5.67 and a 1 year high of C$10.54. The firm’s 50-day simple moving average is C$9.25 and its 200-day simple moving average is C$8.71. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47.

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.