Sonoro Energy (CVE:SNV) Stock Price Up 37.5% – What’s Next?

Sonoro Energy Ltd. (CVE:SNV)’s share price 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 were traded during mid-day 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 Up 37.5%

The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.07. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98. The company has a market cap of C$13.20 million, a price-to-earnings ratio of -5.50 and a beta of -18.41.

About Sonoro Energy

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.