Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) rose 27.3% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 105,000 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 86,383 shares. The stock had previously closed at C$0.06.
Sonoro Energy Trading Up 8.3 %
The company’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is 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 firm has a market cap of C$14.73 million, a price-to-earnings ratio of -3.25 and a beta of -6.76.
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.
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