Alvopetro Energy (CVE:ALV) Stock Price Down 0.3% - What's Next?

Key Points

• Alvopetro Energy Ltd. experienced a slight decline in stock price, down 0.3% to C$6.46, amidst a trading volume increase of 13% compared to its average session.
• The company announced a quarterly dividend of $0.10 per share, yielding 6.2%, with the payment scheduled for October 15th to shareholders on record as of September 30th.
• Alvopetro Energy holds significant hydrocarbons interests in Brazil, including natural gas and oil fields across approximately 22,166 acres in the Recôncavo basin.

Alvopetro Energy Ltd. (CVE:ALV - ) fell 0.3% during trading on Wednesday . The company traded as low as C$6.34 and last traded at C$6.46. 20,290 shares changed hands during trading, an increase of 13% from the average session volume of 17,898 shares. The stock had previously closed at C$6.48.

Alvopetro Energy Trading Down 0.3%

The company has a debt-to-equity ratio of 9.27, a quick ratio of 1.95 and a current ratio of 2.10. The company has a 50 day moving average of C$6.40 and a two-hundred day moving average of C$5.93. The stock has a market cap of C$236.76 million, a PE ratio of 10.95 and a beta of -0.78.

Alvopetro Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.2%. Alvopetro Energy's payout ratio is 64.41%.

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.

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