Alvopetro Energy Ltd. (CVE:ALV – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$10.60 and last traded at C$10.62, with a volume of 86075 shares. The stock had previously closed at C$10.14.
Alvopetro Energy Stock Up 4.7%
The company has a current ratio of 1.47, a quick ratio of 1.95 and a debt-to-equity ratio of 24.57. The company has a 50 day simple moving average of C$9.47 and a two-hundred day simple moving average of C$8.91. The firm has a market capitalization of C$396.21 million, a P/E ratio of 14.35 and a beta of -0.73.
Insider Buying and Selling
In related news, Director John David Wright sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$8.60, for a total transaction of C$86,000.00. Following the completion of the transaction, the director directly owned 23,367 shares of the company’s stock, valued at approximately C$200,956.20. This trade represents a 29.97% decrease in their ownership of the stock. Also, insider Adrian Audet sold 5,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of C$9.00, for a total transaction of C$45,000.00. Following the transaction, the insider directly owned 134,179 shares of the company’s stock, valued at C$1,207,611. The trade was a 3.59% decrease in their ownership of the stock. Over the last quarter, insiders sold 69,100 shares of company stock worth $651,092. 19.35% of the stock is owned by insiders.
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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.
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