Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 17,900 shares, a growth of 306.8% from the March 15th total of 4,400 shares. Based on an average trading volume of 101,200 shares, the days-to-cover ratio is presently 0.2 days.
Alvopetro Energy Price Performance
Shares of ALVOF stock traded down $0.13 on Wednesday, reaching $3.60. The company had a trading volume of 2,604 shares, compared to its average volume of 27,897. The stock has a market capitalization of $131.83 million, a PE ratio of 4.74 and a beta of 0.30. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.09. Alvopetro Energy has a one year low of $2.85 and a one year high of $8.07. The business's 50-day moving average is $3.98 and its 200 day moving average is $4.91.
Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $15.30 million during the quarter. Alvopetro Energy had a net margin of 47.79% and a return on equity of 42.00%.
Alvopetro Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 10.00%. Alvopetro Energy's dividend payout ratio (DPR) is presently 47.37%.
About Alvopetro Energy
(
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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.
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