Alvopetro Energy Ltd. (CVE:ALV) Senior Officer Adrian Audet Sells 4,000 Shares of Stock

Alvopetro Energy Ltd. (CVE:ALV) Senior Officer Adrian Audet sold 4,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$6.50, for a total value of C$26,000.00.

Alvopetro Energy Trading Down 4.4%

ALV stock opened at C$6.26 on Thursday. The company has a debt-to-equity ratio of 9.27, a current ratio of 2.10 and a quick ratio of 1.95. Alvopetro Energy Ltd. has a 1-year low of C$4.24 and a 1-year high of C$7.49. The business has a 50 day simple moving average of C$5.80 and a two-hundred day simple moving average of C$5.25. The company has a market capitalization of C$158.64 million, a price-to-earnings ratio of 11.59 and a beta of 0.59.

Alvopetro Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.39%. Alvopetro Energy’s dividend payout ratio is 90.68%.

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.