Alvopetro Energy (CVE:ALV) Stock Price Up 0.2% – Still a Buy?

Alvopetro Energy Ltd. (CVE:ALV) shares shot up 0.2% during trading on Thursday . The company traded as high as C$5.18 and last traded at C$5.11. 31,275 shares traded hands during trading, an increase of 63% from the average session volume of 19,168 shares. The stock had previously closed at C$5.10.

Alvopetro Energy Stock Up 0.8 %

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 stock’s 50-day simple moving average is C$4.90 and its 200 day simple moving average is C$4.95. The firm has a market cap of C$130.51 million, a P/E ratio of 9.53 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.