Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 569,350 shares changed hands during trading, an increase of 274% from the average daily volume of 152,187 shares. The stock had previously closed at C$0.03.
Sonoro Energy Price Performance
The stock has a market cap of C$4.81 million, a price-to-earnings ratio of -4.00 and a beta of -1.68. 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 company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04.
About Sonoro Energy
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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