Alvopetro Energy (CVE:ALV) Shares Up 24.2%

Alvopetro Energy Ltd. (CVE:ALV - Get Free Report)'s share price traded up 24.2% on Friday . The stock traded as high as C$4.98 and last traded at C$4.98. 120,041 shares changed hands during trading, an increase of 267% from the average session volume of 32,733 shares. The stock had previously closed at C$4.01.

Alvopetro Energy Stock Up 27.2 %

The firm has a 50-day simple moving average of C$5.42 and a two-hundred day simple moving average of C$6.74. The company has a debt-to-equity ratio of 9.84, a current ratio of 2.02 and a quick ratio of 1.95. The company has a market cap of C$186.76 million, a PE ratio of 4.95 and a beta of 0.62.

Insider Transactions at Alvopetro Energy

In other news, Director John David Wright sold 90,000 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$4.15, for a total transaction of C$373,770.00. Insiders own 18.49% of the company's stock.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It 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.