Sonoro Energy (CVE:SNV) Sets New 12-Month Low – What’s Next?

by · The Markets Daily

Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 4,000 shares trading hands. The stock had previously closed at C$0.01.

Sonoro Energy Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36. The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The stock has a market cap of C$2.40 million, a price-to-earnings ratio of -4.00 and a beta of 2.10.

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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.

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