Alvopetro Energy (CVE:ALV) Shares Down 4.5%

Shares of Alvopetro Energy Ltd. (CVE:ALVGet Free Report) dropped 4.5% during mid-day trading on Tuesday . The company traded as low as C$6.35 and last traded at C$6.35. Approximately 60,610 shares changed hands during trading, an increase of 192% from the average daily volume of 20,779 shares. The stock had previously closed at C$6.65.

Alvopetro Energy Trading Down 4.5 %

The firm has a market capitalization of C$232.41 million, a PE ratio of 5.34 and a beta of 0.68. The company has a current ratio of 1.71, a quick ratio of 1.95 and a debt-to-equity ratio of 9.78. The business has a 50 day moving average price of C$6.27 and a 200-day moving average price of C$7.66.

About Alvopetro Energy

(Get Free Report)

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets; two exploration assets comprising Blocks 182 and the western portion of Block 183; and two oil fields, Bom Lugar and Mãe-da-lua, which include 22,166 acres in the Recôncavo basin onshore Brazil.

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