Key Points
- Corey Christopher Ruttan sold 100,000 shares on Apr 16 at C$8.50 (C$850,000) and about 250,000 shares across Apr 13–16 for roughly C$2.2M, cutting his stake by 10.2% to 880,808 shares (≈C$7.49M).
- Other insiders, including Alison Leanne Howard (~75,000 shares) and John David Wright (~21,000 shares), also sold this week, creating a cluster of director dispositions that could weigh on the stock.
- Alvopetro shares opened at C$8.22, trading near the 50‑day average (C$8.59) with a 52‑week range of C$4.98–C$10.54; market cap is C$301.9M and the P/E is 13.48.
Alvopetro Energy Ltd. (CVE:ALV - Get Free Report) Director Corey Christopher Ruttan sold 100,000 shares of Alvopetro Energy stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of C$8.50, for a total value of C$850,000.00. Following the completion of the transaction, the director owned 880,808 shares of the company's stock, valued at C$7,486,868. This trade represents a 10.20% decrease in their ownership of the stock.
Corey Christopher Ruttan also recently made the following trade(s):
- On Monday, April 13th, Corey Christopher Ruttan sold 50,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.02, for a total value of C$451,000.00.
- On Monday, April 13th, Corey Christopher Ruttan sold 100,000 shares of Alvopetro Energy stock. The stock was sold at an average price of C$9.00, for a total transaction of C$900,000.00.
Alvopetro Energy Stock Performance
Shares of CVE ALV opened at C$8.22 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.86 and a debt-to-equity ratio of 28.34. The firm's 50-day moving average price is C$8.59 and its two-hundred day moving average price is C$7.24. Alvopetro Energy Ltd. has a 52-week low of C$4.98 and a 52-week high of C$10.54. The stock has a market capitalization of C$301.94 million, a P/E ratio of 13.48 and a beta of -0.61.
Alvopetro Energy News Summary
Here are the key news stories impacting Alvopetro Energy this week:
- Neutral Sentiment: Minor/administrative insider sales (small lots) that are unlikely by themselves to move the market: Adrian Audet sold 200 shares on Apr 13; small fragmentary sales by others (100–300 shares). Read More.
- Negative Sentiment: Director Corey Ruttan sold approximately 250,000 shares across Apr 13 and Apr 16 (blocks at ~C$9.02, C$9.00 and C$8.50), generating ~C$2.2M in proceeds — a material reduction in his position that likely weighed on the stock. Read More.
- Negative Sentiment: Insider Alison Leanne Howard sold about 75,000 shares over Apr 15–16 at prices around C$8.51–C$8.73, raising roughly C$640k and cutting her stake by several percent — another meaningful insider sell signal. Read More.
- Negative Sentiment: Director John David Wright sold roughly 21,000 shares across Apr 15–16 at ~C$8.54–C$8.58 (≈C$179k), further adding to the cluster of director dispositions this week. Read More.
About Alvopetro Energy
(
Get Free Report)
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. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
