Alvopetro Energy (CVE:ALV) Stock Price Down 2.1% – Here’s What Happened

Shares of Alvopetro Energy Ltd. (CVE:ALV) dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as C$4.60 and last traded at C$4.64. Approximately 23,857 shares traded hands during trading, an increase of 9% from the average daily volume of 21,835 shares. The stock had previously closed at C$4.74.

Alvopetro Energy Price Performance

The firm has a market cap of C$166.25 million, a price-to-earnings ratio of 9.74 and a beta of 0.59. The company has a debt-to-equity ratio of 10.09, a current ratio of 2.38 and a quick ratio of 1.95. The stock has a 50-day moving average price of C$5.01 and a 200 day moving average price of C$4.93.

Alvopetro Energy (CVE:ALV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$17.57 million during the quarter. Alvopetro Energy had a return on equity of 15.42% and a net margin of 27.45%. As a group, equities research analysts forecast that Alvopetro Energy Ltd. will post 1.3498695 earnings per share for the current fiscal year.

About Alvopetro Energy

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.