Sonoro Energy (CVE:SNV) Trading 37.5% Higher – Time to Buy?
by Renee Jackson · The Cerbat GemSonoro Energy Ltd. (CVE:SNV – Get Free Report) traded up 37.5% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 549,302 shares traded hands during trading, an increase of 189% from the average session volume of 190,320 shares. The stock had previously closed at C$0.04.
Sonoro Energy Stock Performance
The firm has a market cap of C$14.40 million, a price-to-earnings ratio of -6.00 and a beta of -18.41. 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 firm has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.07.
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.