Sonoro Energy Ltd. (CVE:SNV – Get Free Report) shares fell 18.8% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 804,718 shares traded hands during mid-day trading, an increase of 593% from the average session volume of 116,068 shares. The stock had previously closed at C$0.08.
Sonoro Energy Stock Performance
The stock’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.08. The company has a market capitalization of C$20.39 million, a P/E ratio of -4.50 and a beta of -6.76. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03.
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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