Alvopetro Energy (CVE:ALV) Trading 1.5% Higher – What’s Next?

Alvopetro Energy Ltd. (CVE:ALV) was up 1.5% on Thursday . The stock traded as high as C$5.38 and last traded at C$5.38. Approximately 10,986 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 31,029 shares. The stock had previously closed at C$5.30.

Alvopetro Energy Stock 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’s fifty day moving average is C$4.95 and its two-hundred day moving average is C$4.97. The firm has a market capitalization of C$192.26 million, a price-to-earnings ratio of 11.17 and a beta of 0.59.

Alvopetro Energy (CVE:ALV) last issued its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (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$17.57 million for the quarter. On average, analysts predict 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.