Alvopetro Energy Ltd. Declares Quarterly Dividend of $0.09 (OTCMKTS:ALVOF)

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) declared a quarterly dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.09 per share on Wednesday, January 15th. This represents a $0.36 annualized dividend and a yield of 10.18%. The ex-dividend date is Tuesday, December 31st.

Alvopetro Energy Stock Up 1.1 %

OTCMKTS ALVOF traded up $0.04 during trading hours on Thursday, reaching $3.54. 4,326 shares of the company’s stock traded hands, compared to its average volume of 19,813. The firm has a market cap of $129.31 million, a PE ratio of 9.07 and a beta of 0.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $5.19. The firm has a 50-day simple moving average of $3.47 and a 200 day simple moving average of $3.55.

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.