Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s stock price dropped 30.4% during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 1,323,349 shares traded hands during mid-day trading, an increase of 692% from the average daily volume of 167,167 shares. The stock had previously closed at C$0.12.
Sonoro Energy Price Performance
The firm has a market capitalization of C$16.27 million, a price-to-earnings ratio of -3.50 and a beta of -12.40. The company’s 50 day moving average is C$0.11 and its 200-day moving average is C$0.08. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.
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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