Sonoro Energy (CVE:SNV) Trading 37.5% Higher – Still a Buy?
by Renee Jackson · The Cerbat GemShares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 549,302 shares changed hands 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 Price Performance
The firm has a market capitalization of C$13.20 million, a price-to-earnings ratio of -5.50 and a beta of -18.41. 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’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.07.
Sonoro Energy Company Profile
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.