Sonoro Energy (CVE:SNV) Stock Falls 33.3% – Here’s Why

Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s stock price dropped 33.3% during mid-day trading on Tuesday. The company traded as low as C$0.01 and last traded at C$0.01. 180,401 shares changed hands during trading, an increase of 3% from the average session volume of 175,343 shares. The stock had previously closed at C$0.01.

Sonoro Energy Stock Down 33.3%

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 company has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The firm has a market capitalization of C$2.40 million, a P/E ratio of -4.00 and a beta of 2.10.

About Sonoro Energy

(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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.

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