Sonoro Energy (CVE:SNV) Stock Price Up 42.9% – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV)’s stock price traded up 42.9% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 1,364,830 shares changed hands during mid-day trading, an increase of 486% from the average session volume of 232,891 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The stock has a market capitalization of C$12.00 million, a P/E ratio of -5.00 and a beta of -20.08. The company has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05. 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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.