Sonoro Energy (CVE:SNV) Trading Up 23.8% – What’s Next?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) shares traded up 23.8% during mid-day trading on Friday . The company traded as high as C$0.13 and last traded at C$0.13. 177,300 shares were traded during mid-day trading, an increase of 51% from the average session volume of 117,799 shares. The stock had previously closed at C$0.11.

Sonoro Energy Stock Performance

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$31.73 million, a price-to-earnings ratio of -7.00 and a beta of -6.76. The stock has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.08.

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.

Further Reading

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