Alvopetro Energy (CVE:ALV) Stock Falls 1.7% – Should You Sell?

Alvopetro Energy Ltd. (CVE:ALV)’s share price was down 1.7% during trading on Wednesday. The company traded as low as C$9.25 and last traded at C$9.34. Approximately 36,081 shares were traded during trading, a decline of 26% from the average daily volume of 48,968 shares. The stock had previously closed at C$9.50.

Alvopetro Energy Stock Performance

The company has a market capitalization of C$348.46 million, a price-to-earnings ratio of 12.62 and a beta of -0.88. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47. The firm has a 50-day simple moving average of C$10.06 and a two-hundred day simple moving average of C$9.32.

Insider Activity

In other news, Director Corey Christopher Ruttan sold 15,000 shares of the firm’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 completion of the transaction, the director owned 913,583 shares of the company’s stock, valued at approximately C$9,044,471.70. This trade represents a 1.62% decrease in their ownership of the stock. Insiders have sold a total of 40,100 shares of company stock worth $397,092 over the last 90 days. 19.35% of the stock is currently owned by corporate insiders.

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.