Alvopetro Energy (CVE:ALV) Stock Price Up 2.1% – Here’s Why

Alvopetro Energy Ltd. (CVE:ALV) traded up 2.1% during trading on Thursday . The company traded as high as C$5.31 and last traded at C$5.25. 18,649 shares changed hands during trading, a decline of 13% from the average session volume of 21,388 shares. The stock had previously closed at C$5.14.

Alvopetro Energy Price Performance

The stock has a fifty day moving average of C$4.84 and a two-hundred day moving average of C$4.90. The company has a current ratio of 2.38, a quick ratio of 1.95 and a debt-to-equity ratio of 10.09. The stock has a market capitalization of C$191.89 million, a price-to-earnings ratio of 11.15 and a beta of 0.59.

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