Sonoro Energy (CVE:SNV) Stock Price Up 37.5% – Should You Buy?
by Renee Jackson · The Cerbat GemSonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price rose 37.5% on Thursday . The stock 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 Stock Up 37.5%
The stock has a market cap of C$13.20 million, a PE ratio of -5.50 and a beta of -18.41. The business has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.07. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.
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.