Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 7.1% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.13. Approximately 1,007,336 shares changed hands during trading, an increase of 782% from the average daily volume of 114,251 shares. The stock had previously closed at C$0.14.
Sonoro Energy Stock Performance
The firm has a 50 day simple moving average of C$0.08 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 company has a market cap of C$26.06 million, a price-to-earnings ratio of -5.75 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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