Alvopetro Energy (CVE:ALV) Director Sells 10,200 Shares

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 10,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$9.91, for a total value of C$101,082.00. Following the completion of the sale, the director owned 928,583 shares in the company, valued at C$9,202,257.53. The trade was a 1.09% decrease in their ownership of the stock.

Corey Christopher Ruttan also recently made the following trade(s):

• On Tuesday, August 11th, Corey Christopher Ruttan sold 14,900 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.90, for a total value of C$147,510.00.
• On Thursday, August 13th, Corey Christopher Ruttan sold 15,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.90, for a total transaction of C$148,500.00.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock traded up C$0.23 during mid-day trading on Friday, hitting C$10.16. 52,854 shares of the stock were exchanged, compared to its average volume of 50,307. The company has a market capitalization of C$379.05 million, a P/E ratio of 13.73 and a beta of -0.73. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47. The company has a 50-day simple moving average of C$9.25 and a 200 day simple moving average of C$8.70. Alvopetro Energy Ltd. has a 12 month low of C$5.67 and a 12 month high of C$10.54.

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.