Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells 7,037 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Director John David Wright sold 7,037 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$8.33, for a total transaction of C$58,618.21. Following the transaction, the director owned 742,736 shares of the company’s stock, valued at approximately C$6,186,990.88. This represents a 0.94% decrease in their position.

John David Wright also recently made the following trade(s):

• On Tuesday, May 26th, John David Wright sold 1,600 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.29, for a total transaction of C$13,264.00.
• On Friday, May 15th, John David Wright sold 5,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.60, for a total transaction of C$43,000.00.
• On Friday, May 15th, John David Wright sold 700 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.60, for a total transaction of C$6,020.00.
• On Friday, May 15th, John David Wright sold 10,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.47, for a total transaction of C$84,700.00.
• On Wednesday, April 15th, John David Wright sold 8,500 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.54, for a total transaction of C$72,590.00.
• On Wednesday, April 15th, John David Wright sold 10,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.58, for a total transaction of C$85,800.00.
• On Thursday, April 16th, John David Wright sold 2,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.53, for a total transaction of C$17,060.00.
• On Thursday, April 16th, John David Wright sold 100 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.55, for a total value of C$855.00.
• On Thursday, April 16th, John David Wright sold 300 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.55, for a total value of C$2,565.00.

Alvopetro Energy Price Performance

Alvopetro Energy stock traded up C$0.21 during midday trading on Tuesday, reaching C$8.31. 42,570 shares of the company were exchanged, compared to its average volume of 53,137. The company has a market capitalization of C$308.08 million, a price-to-earnings ratio of 12.59 and a beta of -0.62. The firm’s 50-day simple moving average is C$8.80 and its 200-day simple moving average is C$7.60. Alvopetro Energy Ltd. has a 1 year low of C$5.65 and a 1 year high of C$10.54. The company has a debt-to-equity ratio of 26.18, a quick ratio of 1.95 and a current ratio of 1.68.

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