Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 25% during trading on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 160,844 shares. The stock had previously closed at C$0.04.
Sonoro Energy Price Performance
The company has a market capitalization of C$11.62 million, a price-to-earnings ratio of -2.50 and a beta of -14.59. The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.08. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98.
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.
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