Sonoro Energy (CVE:SNV) Trading Up 45.5% – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV) shares shot up 45.5% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.08. 961,034 shares traded hands during mid-day trading, an increase of 936% from the average session volume of 92,766 shares. The stock had previously closed at C$0.06.

Sonoro Energy Price 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 company has a market capitalization of C$18.13 million, a P/E ratio of -4.00 and a beta of -6.76. The company has a 50 day moving average price of C$0.06 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.