Sonoro Energy (CVE:SNV) Hits New 12-Month Low – Should You Sell?

Shares of Sonoro Energy Ltd. (CVE:SNVGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 7000 shares trading hands. The stock had previously closed at C$0.05.

Sonoro Energy Price Performance

The firm’s fifty day moving average price is C$0.07 and its 200 day moving average price is C$0.07. The firm has a market capitalization of C$12.46 million, a PE ratio of -2.75 and a beta of -6.76. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.

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.

Further Reading

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