Sonoro Energy (CVE:SNV) Trading 25% Higher – What’s Next?

Shares of Sonoro Energy Ltd. (CVE:SNV) traded up 25% on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. 160,000 shares changed hands during trading, a decline of 1% from the average session volume of 160,844 shares. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The company has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$11.62 million, a price-to-earnings ratio of -2.50 and a beta of -14.59. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.

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.