Sonoro Energy (CVE:SNV) Stock Price Up 15.4% – Should You Buy?

Sonoro Energy Ltd. (CVE:SNV)’s stock price shot up 15.4% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 329,000 shares traded hands during trading, an increase of 237% from the average session volume of 97,674 shares. The stock had previously closed at C$0.07.

Sonoro Energy Stock Up 15.4%

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 capitalization of C$17.00 million, a P/E ratio of -3.75 and a beta of -6.76. The stock’s fifty day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07.

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.