Insider Selling: Alvopetro Energy (CVE:ALV) Insider Sells 5,000 Shares

Alvopetro Energy Ltd. (CVE:ALV) insider Adrian Audet sold 5,000 shares of the stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$9.00, for a total transaction of C$45,000.00. Following the completion of the sale, the insider directly owned 134,179 shares in the company, valued at approximately C$1,207,611. The trade was a 3.59% 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 shares were 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 3,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.67, for a total transaction of C$26,010.00.
• On Thursday, June 18th, Adrian Audet sold 2,500 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.76, for a total transaction of C$21,900.00.
• On Thursday, June 18th, Adrian Audet sold 2,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.59, for a total transaction of C$17,180.00.
• On Thursday, June 18th, Adrian Audet sold 1,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.60, for a total transaction of C$8,600.00.
• On Monday, April 13th, Adrian Audet sold 200 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.14, for a total value of C$1,828.00.

Alvopetro Energy Trading Up 4.8%

CVE:ALV traded up C$0.42 during mid-day trading on Friday, reaching C$9.21. 24,339 shares of the company’s stock traded hands, compared to its average volume of 51,994. Alvopetro Energy Ltd. has a 12-month low of C$5.65 and a 12-month high of C$10.54. The firm has a market capitalization of C$341.45 million, a price-to-earnings ratio of 13.95 and a beta of -0.64. The company has a debt-to-equity ratio of 26.18, a current ratio of 1.68 and a quick ratio of 1.95. The company has a 50 day moving average price of C$8.61 and a 200-day moving average price of C$7.92.

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.