Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 13.3% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 178,460 shares traded hands during mid-day trading, an increase of 86% from the average daily volume of 95,904 shares. The stock had previously closed at C$0.08.
Sonoro Energy Price Performance
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 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.08. The firm has a market capitalization of C$14.73 million, a price-to-earnings ratio of -3.25 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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