Alvopetro Energy (CVE:ALV) Trading Up 0.3% - Here's What Happened

Shares of Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) rose 0.3% during trading on Monday . The company traded as high as C$5.93 and last traded at C$5.89. Approximately 28,681 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 19,073 shares. The stock had previously closed at C$5.87.

Alvopetro Energy Trading Down 0.2%

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 business's 50 day moving average price is C$6.07 and its 200-day moving average price is C$5.38. The firm has a market cap of C$150.78 million, a price-to-earnings ratio of 11.01 and a beta of 0.59.

Alvopetro Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.72%. Alvopetro Energy's dividend payout ratio (DPR) is presently 90.68%.

Insider Activity

In related news, Senior Officer Adrian Audet sold 4,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$6.50, for a total transaction of C$26,000.00. Also, Director Corey Christopher Ruttan sold 9,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of C$6.57, for a total transaction of C$59,130.00. Insiders sold 42,600 shares of company stock worth $263,331 over the last three months. Corporate insiders own 19.35% of the company's stock.

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.