Free Trial

Alvopetro Energy (CVE:ALV) Shares Down 0.6% - Here's What Happened

Alvopetro Energy logo with Energy background

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) fell 0.6% on Tuesday . The stock traded as low as C$4.98 and last traded at C$4.99. 7,530 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 22,308 shares. The stock had previously closed at C$5.02.

Alvopetro Energy Stock Performance

The business has a 50 day moving average of C$5.09 and a 200-day moving average of C$4.92. The company has a market capitalization of C$182.73 million, a P/E ratio of 10.62 and a beta of 0.59. The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.95 and a current ratio of 2.38.

Alvopetro Energy (CVE:ALV - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$14.60 million for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. On average, sell-side analysts predict that Alvopetro Energy Ltd. will post 1.3498695 EPS for the current fiscal year.

Alvopetro Energy Company Profile

(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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Alvopetro Energy right now?

Before you consider Alvopetro Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alvopetro Energy wasn't on the list.

While Alvopetro Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Whitestone REIT is Outperforming in 2024: 35% Growth & Monthly Dividends
Why SoundHound Stock Dip Could Mean Big Gains for 2025 Investors
Nintendo Stock: Buy Before the 2025 Switch Platform Hits!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines