Alvopetro Energy (CVE:ALV) Stock Price Down 0.6% – Here’s Why

Alvopetro Energy Ltd. (CVE:ALV) dropped 0.6% during trading on Tuesday . The stock traded as low as C$4.98 and last traded at C$4.99. Approximately 7,530 shares traded hands during trading, a decline of 66% from the average daily volume of 22,308 shares. The stock had previously closed at C$5.02.

Alvopetro Energy Price Performance

The stock has a market cap of C$177.61 million, a price-to-earnings ratio of 10.32 and a beta of 0.59. The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.95 and a current ratio of 2.38. The company has a 50-day simple moving average of C$5.08 and a two-hundred day simple moving average of C$4.92.

Alvopetro Energy (CVE:ALV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.08 EPS for the quarter. Alvopetro Energy had a net margin of 27.45% and a return on equity of 15.42%. The company had revenue of C$14.60 million during the quarter. As a group, equities research analysts forecast that Alvopetro Energy Ltd. will post 1.3498695 EPS for the current 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.