Sonoro Energy (CVE:SNV) Sets New 52-Week Low – Here’s What Happened
by Amy Steele · The Cerbat GemSonoro Energy Ltd. (CVE:SNV – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 4,000 shares. The stock had previously closed at C$0.01.
Sonoro Energy Price Performance
The stock’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.03. The firm has a market cap of C$2.40 million, a P/E ratio of -4.00 and a beta of 2.10. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36.
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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.