Alvopetro Energy (CVE:ALV) Stock Price Down 1.6% – Time to Sell?

Alvopetro Energy Ltd. (CVE:ALV) shares dropped 1.6% during trading on Wednesday . The stock traded as low as C$4.79 and last traded at C$4.87. Approximately 15,606 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 21,689 shares. The stock had previously closed at C$4.95.

Alvopetro Energy Stock Performance

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 company has a market capitalization of C$184.56 million, a price-to-earnings ratio of 10.72 and a beta of 0.59. The firm has a fifty day simple moving average of C$4.83 and a 200 day simple moving average of C$4.87.

Alvopetro Energy (CVE:ALV) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. The firm had revenue of C$17.57 million for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. On average, analysts anticipate 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.