Alvopetro Energy Ltd. (CVE:ALV) Director Corey Christopher Ruttan Sells 9,000 Shares

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) Director Corey Christopher Ruttan sold 9,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of C$6.57, for a total transaction of C$59,130.00.

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

• On Thursday, June 26th, Corey Christopher Ruttan sold 2,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$6.57, for a total value of C$13,140.00.
• On Friday, June 20th, Corey Christopher Ruttan sold 400 shares of Alvopetro Energy stock. The shares were sold at an average price of C$7.00, for a total value of C$2,800.00.

Alvopetro Energy Price Performance

Shares of CVE:ALV traded down C$0.06 during midday trading on Thursday, hitting C$5.98. 20,244 shares of the stock were exchanged, compared to its average volume of 19,466. Alvopetro Energy Ltd. has a twelve month low of C$4.24 and a twelve month high of C$7.49. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 9.27. The company has a 50 day moving average price of C$5.94 and a 200-day moving average price of C$5.30. The stock has a market cap of C$151.54 million, a P/E ratio of 11.07 and a beta of 0.59.

Alvopetro Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.69%. Alvopetro Energy's dividend payout ratio (DPR) is presently 90.68%.

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.