Alvopetro Energy (CVE:ALV) Stock Price Down 1.1% – Here’s Why

Alvopetro Energy Ltd. (CVE:ALV)’s stock price dropped 1.1% on Thursday . The company traded as low as C$4.56 and last traded at C$4.56. Approximately 8,951 shares changed hands during trading, a decline of 54% from the average daily volume of 19,444 shares. The stock had previously closed at C$4.61.

Alvopetro Energy Stock Performance

The stock’s 50 day simple moving average is C$5.03 and its two-hundred day simple moving average is C$4.98. The company has a market cap of C$116.57 million, a PE ratio of 8.51 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 9.27.

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.