Sonoro Energy (CVE:SNV) Stock Price Up 25% – Here’s Why

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price was up 25% during trading on Saturday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares changed hands during trading, a decline of 1% from the average daily volume of 160,844 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The stock has a market cap of C$11.62 million, a PE ratio of -2.50 and a beta of -14.59. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36. The firm has a 50 day moving average price of C$0.07 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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