Alvopetro Energy (CVE:ALV) Announces Quarterly Earnings Results

Alvopetro Energy (CVE:ALV) announced its quarterly earnings results on Wednesday. The company reported C$0.26 EPS for the quarter, reports. The business had revenue of C$17.57 million for the quarter. Alvopetro Energy had a return on equity of 15.42% and a net margin of 27.45%.

Alvopetro Energy Price Performance

Shares of ALV stock opened at C$4.98 on Friday. The stock’s fifty day simple moving average is C$5.06 and its 200 day simple moving average is C$4.93. The company has a debt-to-equity ratio of 10.09, a current ratio of 2.38 and a quick ratio of 1.95. The firm has a market cap of C$182.37 million, a price-to-earnings ratio of 10.60 and a beta of 0.59. Alvopetro Energy has a one year low of C$3.81 and a one year high of C$9.16.

Alvopetro Energy Company Profile

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.