Alvopetro Energy (CVE:ALV) Stock Price Down 0.8% – Here’s What Happened

Alvopetro Energy Ltd. (CVE:ALV)’s stock price traded down 0.8% on Tuesday . The company traded as low as C$5.07 and last traded at C$5.07. 9,077 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 22,768 shares. The stock had previously closed at C$5.11.

Alvopetro Energy Stock Up 0.8 %

The company has a debt-to-equity ratio of 10.09, a current ratio of 2.38 and a quick ratio of 1.95. The firm has a market capitalization of C$187.49 million, a P/E ratio of 10.81 and a beta of 0.59. The firm’s fifty day moving average price is C$5.04 and its 200-day moving average price is C$4.85.

Alvopetro Energy (CVE:ALV) last released its earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share for the quarter. Alvopetro Energy had a return on equity of 15.42% and a net margin of 27.45%. The firm had revenue of C$14.60 million during the quarter. As a group, equities research analysts forecast that Alvopetro Energy Ltd. will post 1.3498695 earnings per share for the current 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.