Sonoro Energy (CVE:SNV) Trading Down 5.9% – Here’s Why

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price traded down 5.9% on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 111,850 shares were traded during trading, an increase of 10% from the average session volume of 101,271 shares. The stock had previously closed at C$0.09.

Sonoro Energy Price Performance

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 stock has a market cap of C$18.13 million, a P/E ratio of -4.00 and a beta of -6.76. The firm has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.08.

About Sonoro Energy

(Get Free Report)

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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