Alvopetro Energy (CVE:ALV) Stock Price Down 2.1% – What’s Next?

Shares of Alvopetro Energy Ltd. (CVE:ALV) fell 2.1% on Wednesday . The company traded as low as C$4.60 and last traded at C$4.64. 23,857 shares traded hands during trading, an increase of 9% from the average session volume of 21,835 shares. The stock had previously closed at C$4.74.

Alvopetro Energy Price Performance

The company has a quick ratio of 1.95, a current ratio of 2.38 and a debt-to-equity ratio of 10.09. The stock has a fifty day moving average of C$5.01 and a two-hundred day moving average of C$4.93. The stock has a market cap of C$166.25 million, a price-to-earnings ratio of 9.74 and a beta of 0.59.

Alvopetro Energy (CVE:ALV) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$17.57 million during the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. On average, equities research analysts anticipate that Alvopetro Energy Ltd. will post 1.3498695 earnings per share for the current year.

Alvopetro Energy Company Profile

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.