Alvopetro Energy Ltd. (CVE:ALV – Get Free Report)’s share price was up 24.2% during trading on Friday . The stock traded as high as C$4.98 and last traded at C$4.98. Approximately 120,041 shares were traded during trading, an increase of 267% from the average daily volume of 32,733 shares. The stock had previously closed at C$4.01.
Alvopetro Energy Stock Up 27.2 %
The firm’s 50-day moving average price is C$5.42 and its 200 day moving average price is C$6.72. The firm has a market cap of C$186.76 million, a P/E ratio of 4.95 and a beta of 0.62. The company has a quick ratio of 1.95, a current ratio of 2.02 and a debt-to-equity ratio of 9.84.
Insider Buying and Selling
In related news, Director John David Wright sold 90,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$4.15, for a total value of C$373,770.00. Corporate insiders own 18.49% of the company’s stock.
About Alvopetro Energy
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.
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