Alvopetro Energy (CVE:ALV) Shares Down 0.6% – Here’s What Happened

Alvopetro Energy Ltd. (CVE:ALV) fell 0.6% on Tuesday . The stock traded as low as C$4.98 and last traded at C$4.99. 7,530 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 22,308 shares. The stock had previously closed at C$5.02.

Alvopetro Energy Stock Performance

The business has a 50 day moving average of C$5.09 and a 200-day moving average of C$4.92. The company has a market capitalization of C$182.73 million, a P/E ratio of 10.62 and a beta of 0.59. The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.95 and a current ratio of 2.38.

Alvopetro Energy (CVE:ALV) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$14.60 million for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. On average, sell-side analysts predict that Alvopetro Energy Ltd. will post 1.3498695 EPS for the current fiscal year.

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.