Insider Selling: Alvopetro Energy (CVE:ALV) Insider Sells C$26,910.00 in Stock

Alvopetro Energy Ltd. (CVE:ALV) insider Adrian Audet sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$8.97, for a total value of C$26,910.00. Following the sale, the insider owned 153,679 shares in the company, valued at approximately C$1,378,500.63. This trade represents a 1.91% decrease in their ownership of the stock.

Adrian Audet also recently made the following trade(s):

• On Tuesday, June 16th, Adrian Audet sold 2,500 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.96, for a total value of C$22,400.00.
• On Thursday, June 18th, Adrian Audet sold 3,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.67, for a total transaction of C$26,010.00.
• On Thursday, June 18th, Adrian Audet sold 2,500 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.76, for a total transaction of C$21,900.00.
• On Thursday, June 18th, Adrian Audet sold 2,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$8.59, for a total transaction of C$17,180.00.
• On Thursday, June 18th, Adrian Audet sold 1,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$8.60, for a total transaction of C$8,600.00.
• On Monday, April 13th, Adrian Audet sold 200 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.14, for a total transaction of C$1,828.00.

Alvopetro Energy Trading Up 3.4%

Shares of CVE:ALV traded up C$0.30 during mid-day trading on Friday, reaching C$9.09. 21,934 shares of the company’s stock were exchanged, compared to its average volume of 51,974. The company has a debt-to-equity ratio of 26.18, a quick ratio of 1.95 and a current ratio of 1.68. Alvopetro Energy Ltd. has a twelve month low of C$5.65 and a twelve month high of C$10.54. The firm has a market capitalization of C$337.00 million, a price-to-earnings ratio of 13.77 and a beta of -0.64. The business’s fifty day moving average price is C$8.60 and its 200-day moving average price is C$7.91.

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.