Sonoro Energy (CVE:SNV) Stock Price Up 25% – Should You Buy?

Shares of Sonoro Energy Ltd. (CVE:SNV) rose 25% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares traded hands during 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 Stock Up 25.0%

The stock has a market capitalization of C$11.62 million, a PE ratio of -2.50 and a beta of -14.59. The firm has a 50 day moving average of C$0.07 and a two-hundred day moving average of C$0.08. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.

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.