Sonoro Energy (CVE:SNV) Trading Up 25% – What’s Next?

Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) shot up 25% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 189,000 shares were traded during trading, an increase of 28% from the average session volume of 147,564 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

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 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.07. The stock has a market cap of C$12.00 million, a P/E ratio of -5.00 and a beta of -14.92.

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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