Alvopetro Energy (CVE:ALV) Shares Down 2.1% – Time to Sell?

Alvopetro Energy Ltd. (CVE:ALV)’s share price traded down 2.1% during trading on Wednesday . The company traded as low as C$4.60 and last traded at C$4.64. 23,857 shares were traded during mid-day trading, an increase of 9% from the average session volume of 21,835 shares. The stock had previously closed at C$4.74.

Alvopetro Energy Price Performance

The firm’s fifty day moving average is C$5.02 and its 200 day moving average is C$4.93. The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.95 and a current ratio of 2.38. The company has a market capitalization of C$169.92 million, a P/E ratio of 9.87 and a beta of 0.59.

Alvopetro Energy (CVE:ALV) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. The firm had revenue of C$17.57 million during the quarter. As a group, analysts predict that Alvopetro Energy Ltd. will post 1.3498695 earnings per share for the current fiscal year.

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.