Sonoro Energy (CVE:SNV) Trading Up 25% – Still a Buy?

Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price was up 25% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 189,000 shares traded hands during trading, an increase of 28% from the average daily volume of 147,988 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The firm has a market cap of C$10.80 million, a PE ratio of -4.50 and a beta of -14.92. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36. The company has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.07.

About Sonoro Energy

(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.

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