Alvopetro Energy (CVE:ALV) Shares Climb 1.3% – Time to Buy?

Shares of Alvopetro Energy Ltd. (CVE:ALV) shot up 1.3% on Wednesday. The stock traded as high as C$9.97 and last traded at C$9.85. 17,694 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 48,063 shares. The stock had previously closed at C$9.72.

Alvopetro Energy Trading Up 1.3%

The firm has a market cap of C$367.48 million, a PE ratio of 13.31 and a beta of -0.75. The company has a quick ratio of 1.95, a current ratio of 1.47 and a debt-to-equity ratio of 24.57. The stock’s fifty day simple moving average is C$10.15 and its two-hundred day simple moving average is C$9.29.

Insider Transactions at Alvopetro Energy

In other news, Director Corey Christopher Ruttan sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$9.90, for a total value of C$148,500.00. Following the transaction, the director owned 913,583 shares in the company, valued at approximately C$9,044,471.70. This represents a 1.62% decrease in their ownership of the stock. Insiders have sold 40,100 shares of company stock valued at $397,092 over the last three months. 19.35% of the stock is currently owned by insiders.

Alvopetro Energy Company Profile

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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.