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Alvopetro Energy (CVE:ALV) Shares Down 1.1% - Here's What Happened

Alvopetro Energy logo with Energy background
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Shares of Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) traded down 1.1% during trading on Thursday . The stock traded as low as C$4.56 and last traded at C$4.56. 8,951 shares were traded during mid-day trading, a decline of 54% from the average session volume of 19,444 shares. The stock had previously closed at C$4.61.

Alvopetro Energy Price Performance

The company has a market capitalization of C$117.08 million, a P/E ratio of 8.55 and a beta of 0.59. The business's 50-day moving average is C$5.02 and its two-hundred day moving average is C$4.98. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 9.27.

Alvopetro Energy Company Profile

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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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