Sonoro Energy (CVE:SNV) Trading Up 25% – Time to Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price rose 25% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares traded hands during trading, a decline of 1% from the average daily volume of 160,844 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The company’s 50-day simple moving average is C$0.07 and its 200 day simple 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. The stock has a market cap of C$11.62 million, a P/E ratio of -2.50 and a beta of -14.59.

Sonoro Energy Company Profile

(Get Free Report)

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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