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

by · The Cerbat Gem

Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) were up 25% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 374,302 shares traded hands during trading, an increase of 141% from the average daily volume of 155,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The stock has a market capitalization of C$14.40 million, a P/E ratio of -6.00 and a beta of -18.41. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98. The firm has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.07.

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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.

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