Alvopetro Energy (CVE:ALV) Reaches New 1-Year High – Still a Buy?

Alvopetro Energy Ltd. (CVE:ALV)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.87 and last traded at C$8.88, with a volume of 40979 shares. The stock had previously closed at C$8.31.

Alvopetro Energy Stock Performance

The firm’s fifty day moving average price is C$7.58 and its 200 day moving average price is C$6.85. The firm has a market cap of C$320.30 million, a P/E ratio of 16.77 and a beta of -0.39. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.95 and a current ratio of 1.13.

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.