Sonoro Energy (CVE:SNV) Stock Price Up 37.5% – Still a Buy?

Shares of Sonoro Energy Ltd. (CVE:SNV) rose 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 549,302 shares traded hands during trading, an increase of 189% from the average daily volume of 190,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.07. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36. The stock has a market cap of C$13.20 million, a price-to-earnings ratio of -5.50 and a beta of -18.41.

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