Sonoro Energy (CVE:SNV) Trading Up 37.5% – Here’s Why
by Jessica Moore · The Cerbat GemSonoro Energy Ltd. (CVE:SNV – Get Free Report) shares rose 37.5% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 549,302 shares were traded during mid-day trading, an increase of 189% from the average daily volume of 190,320 shares. The stock had previously closed at C$0.04.
Sonoro Energy Stock Up 9.1%
The company’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.07. The firm has a market capitalization of C$14.40 million, a PE ratio of -6.00 and a beta of -18.41. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03.
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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.