Alvopetro Energy (CVE:ALV) Trading Down 0.2% – Here’s Why

Alvopetro Energy Ltd. (CVE:ALV) shares were down 0.2% on Wednesday . The company traded as low as C$6.32 and last traded at C$6.44. Approximately 45,966 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 58,799 shares. The stock had previously closed at C$6.45.

Alvopetro Energy Trading Down 0.2%

The company has a fifty day simple moving average of C$6.30 and a 200-day simple moving average of C$6.27. The stock has a market cap of C$236.55 million, a price-to-earnings ratio of 12.38 and a beta of -0.72. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 9.27.

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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.