Sonoro Energy (CVE:SNV) Shares Up 42.9% – Time to Buy?

Sonoro Energy Ltd. (CVE:SNV)’s share price rose 42.9% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,364,830 shares traded hands during trading, an increase of 486% from the average daily volume of 232,891 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Up 42.9%

The stock has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98. The company has a market capitalization of C$12.00 million, a P/E ratio of -5.00 and a beta of -20.08.

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