Sonoro Energy (CVE:SNV) Trading Up 25% – Still a Buy?
by Michael Walen · The Markets DailySonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price rose 25% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 374,302 shares traded hands during mid-day 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 Trading Up 25.0%
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 debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The stock has a market cap of C$12.00 million, a PE ratio of -5.00 and a beta of -18.41.
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.