Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) were down 19% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 119,400 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 116,937 shares. The stock had previously closed at C$0.11.
Sonoro Energy Price Performance
The company’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The stock has a market capitalization of C$19.26 million, a P/E ratio of -5.25 and a beta of -6.76.
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.
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