Insider Selling: Alvopetro Energy (CVE:ALV) Insider Sells C$26,010.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) insider Adrian Audet sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of C$8.67, for a total transaction of C$26,010.00. Following the transaction, the insider directly owned 150,679 shares of the company’s stock, valued at C$1,306,386.93. This represents a 1.95% decrease in their ownership of the stock.

Adrian Audet also recently made the following trade(s):

• On Tuesday, June 16th, Adrian Audet sold 2,500 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.96, for a total transaction of C$22,400.00.
• On Tuesday, June 16th, Adrian Audet sold 3,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.97, for a total value of C$26,910.00.
• On Thursday, June 18th, Adrian Audet sold 2,500 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.76, for a total value of C$21,900.00.
• On Thursday, June 18th, Adrian Audet sold 2,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.59, for a total value of C$17,180.00.
• On Thursday, June 18th, Adrian Audet sold 1,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.60, for a total value of C$8,600.00.
• On Monday, April 13th, Adrian Audet sold 200 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.14, for a total value of C$1,828.00.

Alvopetro Energy Stock Performance

Shares of ALV stock traded up C$0.30 on Friday, hitting C$9.09. 21,934 shares of the stock were exchanged, compared to its average volume of 51,974. The company has a current ratio of 1.68, a quick ratio of 1.95 and a debt-to-equity ratio of 26.18. The firm has a market capitalization of C$337.00 million, a PE ratio of 13.77 and a beta of -0.64. Alvopetro Energy Ltd. has a one year low of C$5.65 and a one year high of C$10.54. The firm’s 50 day moving average is C$8.60 and its two-hundred day moving average is C$7.91.

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.