Alvopetro Energy (CVE:ALV) Reaches New 52-Week High - What's Next?

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$7.49 and last traded at C$6.78, with a volume of 52543 shares. The stock had previously closed at C$6.88.

Alvopetro Energy Stock Performance

The stock has a fifty day moving average of C$5.60 and a 200 day moving average of C$5.17. The company has a market capitalization of C$176.88 million, a P/E ratio of 12.92 and a beta of 0.59. The company has a debt-to-equity ratio of 9.27, a quick ratio of 1.95 and a current ratio of 2.10.

Alvopetro Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.73%. Alvopetro Energy's payout ratio is 90.68%.

Insider Transactions at Alvopetro Energy

In other Alvopetro Energy news, Director John David Wright sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$6.00, for a total value of C$29,979.00. Insiders have sold 26,800 shares of company stock valued at $159,973 over the last quarter. 19.35% of the stock is currently owned by company insiders.

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.