Alvopetro Energy (CVE:ALV) Shares Down 2.4% – What’s Next?

Alvopetro Energy Ltd. (CVE:ALV – Get Free Report) shares fell 2.4% during trading on Wednesday . The stock traded as low as C$6.80 and last traded at C$6.92. 73,334 shares were traded during mid-day trading, an increase of 64% from the average session volume of 44,762 shares. The stock had previously closed at C$7.09.

Alvopetro Energy Price Performance

The stock has a market cap of C$254.19 million, a PE ratio of 13.31 and a beta of -0.72. The business has a fifty day simple moving average of C$6.50 and a two-hundred day simple moving average of C$6.35. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 9.27.

About Alvopetro Energy

(Get Free Report)

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.

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