Alvopetro Energy (CVE:ALV) Stock Price Up 1.5% – Time to Buy?

Alvopetro Energy Ltd. (CVE:ALV) shares traded up 1.5% during mid-day trading on Thursday . The stock traded as high as C$5.38 and last traded at C$5.38. 10,986 shares changed hands during trading, a decline of 65% from the average session volume of 31,029 shares. The stock had previously closed at C$5.30.

Alvopetro Energy Stock Performance

The company has a market cap of C$197.02 million, a P/E ratio of 11.45 and a beta of 0.59. The firm has a 50 day moving average price of C$4.94 and a 200-day moving average price of C$4.97. The company has a debt-to-equity ratio of 10.09, a quick ratio of 1.95 and a current ratio of 2.38.

Alvopetro Energy (CVE:ALV) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter. The business 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, research analysts predict that Alvopetro Energy Ltd. will post 1.3498695 EPS for the current year.

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.