Corey Christopher Ruttan Sells 100,000 Shares of Alvopetro Energy (CVE:ALV) Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 100,000 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of C$8.50, for a total transaction of C$850,000.00. Following the completion of the transaction, the director owned 880,808 shares in the company, valued at approximately C$7,486,868. The trade was a 10.20% decrease in their ownership of the stock.

Corey Christopher Ruttan also recently made the following trade(s):

• On Monday, April 13th, Corey Christopher Ruttan sold 50,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.02, for a total transaction of C$451,000.00.
• On Monday, April 13th, Corey Christopher Ruttan sold 100,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.00, for a total transaction of C$900,000.00.

Alvopetro Energy Stock Down 3.5%

ALV opened at C$8.22 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.86 and a debt-to-equity ratio of 28.34. The stock has a market cap of C$301.94 million, a price-to-earnings ratio of 13.48 and a beta of -0.61. Alvopetro Energy Ltd. has a twelve month low of C$4.98 and a twelve month high of C$10.54. The company’s 50-day moving average price is C$8.59 and its two-hundred day moving average price is C$7.25.

Key Stories Impacting Alvopetro Energy

Here are the key news stories impacting Alvopetro Energy this week:

• Neutral Sentiment: Minor/administrative insider sales (small lots) that are unlikely by themselves to move the market: Adrian Audet sold 200 shares on Apr 13; small fragmentary sales by others (100–300 shares). Read More.
• Negative Sentiment: Director Corey Ruttan sold approximately 250,000 shares across Apr 13 and Apr 16 (blocks at ~C$9.02, C$9.00 and C$8.50), generating ~C$2.2M in proceeds — a material reduction in his position that likely weighed on the stock. Read More.
• Negative Sentiment: Insider Alison Leanne Howard sold about 75,000 shares over Apr 15–16 at prices around C$8.51–C$8.73, raising roughly C$640k and cutting her stake by several percent — another meaningful insider sell signal. Read More.
• Negative Sentiment: Director John David Wright sold roughly 21,000 shares across Apr 15–16 at ~C$8.54–C$8.58 (≈C$179k), further adding to the cluster of director dispositions this week. Read More.

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.