Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Decline in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 7,600 shares, a drop of 59.1% from the April 15th total of 18,600 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 0.4 days.

Alvopetro Energy Stock Up 2.2 %

Shares of Alvopetro Energy stock opened at $3.64 on Friday. The stock’s 50-day moving average is $3.58 and its 200 day moving average is $4.56. The firm has a market cap of $133.30 million, a price-to-earnings ratio of 3.58 and a beta of 0.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. Alvopetro Energy has a one year low of $2.85 and a one year high of $8.07.

Alvopetro Energy (OTCMKTS:ALVOFGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.12 earnings per share for the quarter. Alvopetro Energy had a return on equity of 42.00% and a net margin of 47.79%. The business had revenue of $11.75 million for the quarter.

Alvopetro Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 9.89%. Alvopetro Energy’s dividend payout ratio (DPR) is currently 47.37%.

Alvopetro Energy Company Profile

(Get Free Report)

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It 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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