Alvopetro Energy (CVE:ALV) Shares Down 0.6% – What’s Next?

Alvopetro Energy Ltd. (CVE:ALV)’s share price dropped 0.6% on Tuesday . The stock traded as low as C$4.98 and last traded at C$4.99. Approximately 7,530 shares changed hands during mid-day 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 Stock Performance

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 business has a 50 day moving average price of C$5.09 and a two-hundred day moving average price of C$4.92. The company has a market cap of C$182.73 million, a P/E ratio of 10.62 and a beta of 0.59.

Alvopetro Energy (CVE:ALV) last posted its earnings results on Wednesday, August 7th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$14.60 million for the quarter. Alvopetro Energy had a return on equity of 15.42% and a net margin of 27.45%. On average, sell-side analysts anticipate that Alvopetro Energy Ltd. will post 1.3498695 earnings per share 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.