Sonoro Energy (CVE:SNV) Stock Price Up 30.8% – Should You Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price was up 30.8% during trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 125,530 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 105,938 shares. The stock had previously closed at C$0.07.

Sonoro Energy Trading Up 7.7 %

The business has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.08. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36. The firm has a market capitalization of C$15.86 million, a PE ratio of -3.50 and a beta of -6.76.

About Sonoro Energy

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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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