Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 11.1% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 319,000 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 288,118 shares. The stock had previously closed at C$0.05.
Sonoro Energy Stock Performance
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 -18.41. The business’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06.
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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