Alvopetro Energy (OTCMKTS:ALVOF) Issues Quarterly Earnings Results

Alvopetro Energy (OTCMKTS:ALVOF) issued its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, Zacks reports. Alvopetro Energy had a net margin of 29.06% and a return on equity of 27.00%.

Alvopetro Energy Stock Performance

OTCMKTS:ALVOF opened at $3.23 on Wednesday. Alvopetro Energy has a fifty-two week low of $2.85 and a fifty-two week high of $4.11. The firm’s 50 day moving average is $3.45 and its two-hundred day moving average is $3.53. The company has a market cap of $117.70 million, a P/E ratio of 8.28 and a beta of 0.09. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Alvopetro Energy Company Profile

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.