Alvopetro Energy (CVE:ALV) Stock Price Up 1.5% – Should You Buy?

Shares of Alvopetro Energy Ltd. (CVE:ALV) were up 1.5% during mid-day trading on Thursday . The stock traded as high as C$5.38 and last traded at C$5.38. Approximately 10,986 shares changed hands during trading, a decline of 65% from the average daily volume of 31,029 shares. The stock had previously closed at C$5.30.

Alvopetro Energy Stock Performance

The stock has a market capitalization of C$197.02 million, a price-to-earnings ratio of 11.45 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 2.38 and a debt-to-equity ratio of 10.09. The stock’s 50-day simple moving average is C$4.94 and its 200 day simple moving average is C$4.97.

Alvopetro Energy (CVE:ALV) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$17.57 million for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. Analysts expect 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.