Alvopetro Energy (CVE:ALV) Director Corey Christopher Ruttan Sells 100,000 Shares

Key Points

• Director Corey Christopher Ruttan sold 100,000 shares on April 16 at C$8.50 (C$850,000) and, combined with two April 13 sales (50,000 at C$9.02 and 100,000 at C$9.00), disposed of ~250,000 shares for roughly C$2.20M, cutting his stake to 880,808 shares (a 10.2% decline).
• Other insiders—including Alison Leanne Howard (~75,000 shares) and director John David Wright (~20,900 shares)—also sold in the same period, suggesting increased supply pressure and negative insider sentiment.
• Shares traded down to C$8.22 on Friday with higher-than-normal volume; the stock has a one-year range of C$4.98–C$10.54 and a market cap of about C$302M.

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) Director Corey Christopher Ruttan sold 100,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of C$8.50, for a total transaction of C$850,000.00. Following the sale, the director owned 880,808 shares of the company's stock, valued at approximately C$7,486,868. This represents a 10.20% decrease in their ownership of the stock.

Corey Christopher Ruttan also recently made the following trade(s):

• On Monday, April 13th, Corey Christopher Ruttan sold 50,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.02, for a total transaction of C$451,000.00.
• On Monday, April 13th, Corey Christopher Ruttan sold 100,000 shares of Alvopetro Energy stock. The shares were sold at an average price of C$9.00, for a total value of C$900,000.00.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock traded down C$0.30 during trading on Friday, hitting C$8.22. 114,281 shares of the company's stock traded hands, compared to its average volume of 57,192. The company has a debt-to-equity ratio of 28.34, a current ratio of 1.86 and a quick ratio of 1.95. Alvopetro Energy Ltd. has a 1 year low of C$4.98 and a 1 year high of C$10.54. The stock has a market capitalization of C$301.94 million, a P/E ratio of 13.48 and a beta of -0.61. The business has a 50-day simple moving average of C$8.58 and a 200-day simple moving average of C$7.23.

Key Stories Impacting Alvopetro Energy

Here are the key news stories impacting Alvopetro Energy this week:

• Negative Sentiment: Director Corey Christopher Ruttan executed large sales across April 13 and 16, totaling roughly 250,000 shares (proceeds ≈ C$2.20M), reducing his holding to ~880,808 shares (~C$7.49M). Significant director selling of this size can increase supply pressure and raise investor concern about near-term insider sentiment. MarketBeat Insider Filings
• Negative Sentiment: Insider Alison Leanne Howard sold a combined ~75,000 shares across April 15–16 for proceeds ≈ C$641k, trimming her stake to ~252,087 shares (~C$2.15M). Multiple consecutive insider sales at recent prices point to continued liquidity-taking by insiders. MarketBeat Insider Filings
• Negative Sentiment: Director John David Wright sold roughly 20.9k shares across April 15–16 for proceeds near C$179k, reducing reported holdings to ~782.8k shares. While smaller than Ruttan’s disposals, cumulative director sales add to the negative signal. MarketBeat Insider Filings
• Negative Sentiment: Insider Adrian Audet sold 200 shares on April 13 at C$9.14 (≈C$1,828), a very small trade that is immaterial by itself but part of the broader pattern of insider selling. MarketBeat Insider Filings

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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.

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