Sonoro Energy (CVE:SNV) Reaches New 52-Week Low – Here’s Why

Sonoro Energy Ltd. (CVE:SNV) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 339001 shares trading hands. The stock had previously closed at C$0.03.

Sonoro Energy Stock Performance

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 company has a market cap of C$7.21 million, a price-to-earnings ratio of -4.00 and a beta of -1.67. The business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

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.