Alvopetro Energy (CVE:ALV) Trading 2.1% Higher – Still a Buy?

Shares of Alvopetro Energy Ltd. (CVE:ALV) were up 2.1% during trading on Thursday . The company traded as high as C$5.31 and last traded at C$5.25. Approximately 18,649 shares changed hands during trading, a decline of 13% from the average daily volume of 21,388 shares. The stock had previously closed at C$5.14.

Alvopetro Energy Stock Performance

The firm’s fifty day simple moving average is C$4.84 and its 200 day simple moving average is C$4.90. The company has a market capitalization of C$191.89 million, a price-to-earnings ratio of 11.15 and a beta of 0.59. The company has a debt-to-equity ratio of 10.09, a current ratio of 2.38 and a quick ratio of 1.95.

Alvopetro Energy (CVE:ALV) last issued its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$17.57 million for the quarter. Alvopetro Energy had a return on equity of 15.42% and a net margin of 27.45%. On average, sell-side analysts forecast that Alvopetro Energy Ltd. will post 1.3498695 EPS for the current year.

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.