Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells C$147,510.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan sold 14,900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$9.90, for a total value of C$147,510.00. Following the transaction, the director owned 938,783 shares in the company, valued at C$9,293,951.70. This represents a 1.56% decrease in their position.

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

• On Wednesday, August 12th, Corey Christopher Ruttan sold 10,200 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.91, for a total transaction of C$101,082.00.
• 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 Price Performance

Alvopetro Energy stock opened at C$10.02 on Wednesday. The company has a debt-to-equity ratio of 24.57, a quick ratio of 1.95 and a current ratio of 1.47. Alvopetro Energy Ltd. has a one year low of C$5.67 and a one year high of C$10.54. The business has a fifty day moving average of C$9.30 and a two-hundred day moving average of C$8.75. The company has a market cap of C$373.83 million, a P/E ratio of 13.54 and a beta of -0.73.

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