Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 22.2% during mid-day trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 473,000 shares traded hands during trading, an increase of 377% from the average daily volume of 99,214 shares. The stock had previously closed at C$0.09.
Sonoro Energy Stock Performance
The company has a market capitalization of C$24.93 million, a price-to-earnings ratio of -5.50 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. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98.
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.
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