Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 189,000 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 147,988 shares. The stock had previously closed at C$0.04.
Sonoro Energy Trading Down 11.1%
The company has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.07. 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 firm has a market cap of C$9.60 million, a PE ratio of -4.00 and a beta of -14.92.
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.
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