Sonoro Energy (CVE:SNV) Stock Price Up 37.5% – Here’s Why

by · The Markets Daily

Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price shot up 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 549,302 shares were traded during mid-day trading, an increase of 193% from the average session volume of 187,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 37.5%

The company’s fifty day moving average is C$0.04 and its 200-day moving average is 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. The firm has a market capitalization of C$13.20 million, a P/E ratio of -5.50 and a beta of -18.41.

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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