Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price shot up 25% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 160,000 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 160,844 shares. The stock had previously closed at C$0.04.
Sonoro Energy Stock Up 25.0%
The business’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.08. 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$11.62 million, a price-to-earnings ratio of -2.50 and a beta of -14.59.
About Sonoro Energy
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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