Sonoro Energy (CVE:SNV) Shares Up 37.5% – What’s Next?
by Mitch Edgeman · The Markets DailySonoro 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 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 Performance
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 stock has a market capitalization of C$13.20 million, a PE ratio of -5.50 and a beta of -18.41. The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price 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.