Sonoro Energy (CVE:SNV) Shares Up 45.5% – Should You Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s stock price traded up 45.5% during mid-day trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.08. 961,034 shares changed hands during trading, an increase of 936% from the average session volume of 92,766 shares. The stock had previously closed at C$0.06.

Sonoro Energy Stock Up 45.5 %

The company has a market capitalization of C$18.13 million, a PE ratio of -4.00 and a beta of -6.76. The company’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.07. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98.

Sonoro Energy Company Profile

(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.

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