Sonoro Energy (CVE:SNV) Shares Down 10% – Here’s Why

Shares of Sonoro Energy Ltd. (CVE:SNV) traded down 10% during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 370,000 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 226,879 shares. The stock had previously closed at C$0.05.

Sonoro Energy Trading Down 10.0%

The company’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. 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 firm has a market cap of C$10.80 million, a price-to-earnings ratio of -4.50 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.