Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 21,550 shares, an increase of 197.0% from the June 15th total of 7,256 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 55,616 shares, the short-interest ratio is presently 0.4 days.
Alvopetro Energy Price Performance
Shares of OTCMKTS ALVOF opened at $6.12 on Monday. The stock has a market cap of $228.37 million, a P/E ratio of 9.28 and a beta of -0.16. Alvopetro Energy has a twelve month low of $4.10 and a twelve month high of $7.97. The stock has a 50 day moving average of $6.21 and a two-hundred day moving average of $5.94. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.17.
Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $17.39 million for the quarter, compared to analyst estimates of $17.03 million. Alvopetro Energy had a net margin of 40.90% and a return on equity of 25.91%. On average, research analysts forecast that Alvopetro Energy will post 0.89 earnings per share for the current year.
Alvopetro Energy Company Profile
Alvopetro Energy Inc (OTCMKTS: ALVOF) is a Canada-based oil and gas exploration and production company focused on acquiring and developing upstream assets in Brazil. The company targets conventional hydrocarbon resources through a combination of license acquisitions, seismic appraisal and drilling operations, seeking to build a sustainable production profile in emerging Brazilian basins.
Alvopetro’s principal activities are centered in the Potiguar Basin of northeastern Brazil, where it holds working interests in both onshore and shallow-water concession areas.
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