Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 12% during trading on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 132,751 shares traded hands during trading, a decline of 18% from the average daily volume of 162,298 shares. The stock had previously closed at C$0.13.
Sonoro Energy Price Performance
The firm has a market capitalization of C$22.37 million, a P/E ratio of 6.25 and a beta of -6.65. The stock’s 50-day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.14.
Sonoro Energy Company Profile
Sonoro Energy Ltd. explores for, appraises, develops, and produces oil and gas resources in Southeast Asia. The company holds a 25% interest in the Selat Panjang Production Sharing Contract covering an area of approximately 940 square kilometers located in Riau province, Central Sumatra. The company was formerly known as Sonic Technology Solutions Inc and changed its name to Sonoro Energy Ltd.
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