Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) shot up 27.3% on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 105,000 shares were traded during trading, an increase of 22% from the average session volume of 86,383 shares. The stock had previously closed at C$0.06.
Sonoro Energy Price Performance
The company has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. 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 cap of C$14.73 million, a PE ratio of -3.25 and a beta of -6.76.
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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