Alvopetro Energy jumps on Q3 profit, higher dividend

Alvopetro Energy

16/11/2022 17:51

** Canada-based Alvopetro Energy Ltd's shares  ALV.V  surge
15.1% to C$6.72 - set for biggest daily pct gain in over a year
    ** ALV reports Q3 net income of $8.8 mln vs a loss of $0.02
mln last year  urn:newsml:reuters.com:*:nNRAmgdqkl
    ** Co's daily sales of 2,642 barrels of oil equivalent per
day up 7% from last year
    ** ALV also announces a 50% increase in quarterly dividend
to $0.12 per common share
    ** Accounting for session gains, company's shares up 57% so
far this year
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))