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Alvopetro Energy (CVE:ALV) Shares Down 0.4% - Here's Why

Alvopetro Energy logo with Energy background

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report)'s share price fell 0.4% on Thursday . The company traded as low as C$4.90 and last traded at C$4.98. 11,534 shares traded hands during trading, a decline of 51% from the average session volume of 23,765 shares. The stock had previously closed at C$5.00.

Alvopetro Energy Stock Performance

The stock has a market capitalization of C$126.71 million, a P/E ratio of 9.25 and a beta of 0.59. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 9.27. The company has a 50-day moving average price of C$5.10 and a two-hundred day moving average price of C$4.99.

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.

Further Reading

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