Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) were down 18.5% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 149,047 shares changed hands during trading, an increase of 15% from the average daily volume of 129,649 shares. The stock had previously closed at C$0.14.
Sonoro Energy Trading Down 18.5%
The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36. The firm’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.07. 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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