Sonoro Energy (CVE:SNV) Trading 12.5% Higher – Still a Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price rose 12.5% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 118,857 shares were traded during trading, an increase of 16% from the average daily volume of 102,031 shares. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.07. 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$14.40 million, a price-to-earnings ratio of -6.00 and a beta of -18.41.

Sonoro Energy Company Profile

(Get Free Report)

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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