Alvopetro Energy (OTCMKTS:ALVOF) Stock Price Down 0.9% - Should You Sell?

Key Points

• Alvopetro Energy Ltd. stock decreased by 0.9% to $4.86, with trading volume dropping 54% from its average daily volume.
• The company reported a quarterly earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.15.
• Alvopetro holds interests in key natural gas and oil assets in Brazil, particularly in the Recôncavo basin.

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was down 0.9% during trading on Thursday . The stock traded as low as $4.86 and last traded at $4.86. Approximately 4,386 shares changed hands during trading, a decline of 54% from the average daily volume of 9,613 shares. The stock had previously closed at $4.90.

Alvopetro Energy Stock Performance

The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $4.48 and a 200 day moving average price of $4.16. The firm has a market cap of $178.51 million, a PE ratio of 8.24 and a beta of 0.06.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. Alvopetro Energy had a return on equity of 25.76% and a net margin of 43.62%.The business had revenue of $14.01 million for the quarter, compared to analyst estimates of $17.02 million.

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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