Sonoro Energy (CVE:SNV) Stock Price Up 25% – Time to Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) shares traded up 25% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 189,000 shares were traded during trading, an increase of 28% from the average session volume of 147,564 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 25.0%

The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The company has a market capitalization of C$12.00 million, a price-to-earnings ratio of -5.00 and a beta of -14.92. The business’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.07.

About Sonoro Energy

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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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