Alvopetro Energy (CVE:ALV) Announces Earnings Results

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

Alvopetro Energy Stock Up 2.9 %

Shares of ALV stock opened at C$4.98 on Friday. The stock’s 50 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 quick ratio of 1.95 and a current ratio of 2.38. Alvopetro Energy has a twelve month low of C$3.81 and a twelve month high of C$9.16. The company has a market capitalization of C$182.37 million, a price-to-earnings ratio of 10.60 and a beta of 0.59.

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.