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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) announced 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 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend is Tuesday, December 31st.

Alvopetro Energy Stock Up 1.1 %

Shares of ALVOF traded up $0.04 during mid-day trading on Thursday, reaching $3.54. The company’s stock had a trading volume of 4,326 shares, compared to its average volume of 19,813. 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 12-month low of $2.85 and a 12-month high of $5.19. The stock has a market cap of $129.31 million, a PE ratio of 9.07 and a beta of 0.14. The company’s 50 day moving average is $3.47 and its 200 day moving average is $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.