Alvopetro Energy (CVE:ALV) Stock Price Down 1.1% – Should You Sell?

Alvopetro Energy Ltd. (CVE:ALV) shares fell 1.1% during trading on Thursday . The company traded as low as C$4.56 and last traded at C$4.56. 8,951 shares were traded during trading, a decline of 54% from the average session volume of 19,444 shares. The stock had previously closed at C$4.61.

Alvopetro Energy Stock Performance

The stock has a 50 day simple moving average of C$5.03 and a 200 day simple moving average of C$4.98. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 9.27. The company has a market cap of C$116.57 million, a price-to-earnings ratio of 8.51 and a beta of 0.59.

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.