Sonoro Energy Ltd. (CVE:SNV – Get Free Report) shares were up 22.2% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 473,000 shares changed hands during trading, an increase of 377% from the average daily volume of 99,214 shares. The stock had previously closed at C$0.09.
Sonoro Energy Stock Performance
The firm’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The stock has a market cap of C$24.93 million, a P/E ratio of -5.50 and a beta of -6.76.
About Sonoro Energy
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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