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

Shares of Alvopetro Energy Ltd. (CVE:ALV) traded down 0.6% during mid-day trading 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 Down 1.6 %

The stock has a 50-day moving average of C$5.08 and a 200-day moving average of C$4.92. 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 cap of C$177.61 million, a price-to-earnings ratio of 10.32 and a beta of 0.59.

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