Sonoro Energy (CVE:SNV) Shares Down 33.3% – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV – Get Free Report)’s stock price was down 33.3% during trading on Wednesday. The company traded as low as C$0.01 and last traded at C$0.01. 2,565,230 shares changed hands during mid-day trading, an increase of 1,361% from the average session volume of 175,553 shares. The stock had previously closed at C$0.01.

Sonoro Energy Trading Down 33.3%

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

About Sonoro Energy

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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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