Alvopetro Energy (CVE:ALV) Shares Up 2% – Still a Buy?

Alvopetro Energy Ltd. (CVE:ALV)’s stock price shot up 2% during trading on Friday . The stock traded as high as C$8.75 and last traded at C$8.75. 8,048 shares traded hands during trading, a decline of 85% from the average session volume of 54,085 shares. The stock had previously closed at C$8.58.

Alvopetro Energy Trading Up 2.0%

The stock has a market capitalization of C$321.41 million, a price-to-earnings ratio of 14.34 and a beta of -0.62. The company’s 50 day moving average is C$8.71 and its 200 day moving average is C$7.41. The company has a debt-to-equity ratio of 26.18, a quick ratio of 1.95 and a current ratio of 1.68.

Insider Activity at Alvopetro Energy

In related news, Director John David Wright sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of C$8.58, for a total transaction of C$85,800.00. Following the completion of the transaction, the director directly owned 83,367 shares in the company, valued at C$715,288.86. This represents a 10.71% decrease in their position. Also, Director Corey Christopher Ruttan sold 100,000 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$9.00, for a total transaction of C$900,000.00. Following the completion of the transaction, the director owned 980,808 shares of the company’s stock, valued at approximately C$8,827,272. This represents a 9.25% decrease in their position. Insiders sold a total of 346,100 shares of company stock worth $3,022,911 in the last ninety days. 19.35% of the stock is currently owned by insiders.

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.