Sonoro Energy (CVE:SNV) Shares Down 20% – Here’s What Happened

by · The Markets Daily

Sonoro Energy Ltd. (CVE:SNV – Get Free Report) was down 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 569,350 shares were traded during mid-day trading, an increase of 274% from the average session volume of 152,187 shares. The stock had previously closed at C$0.03.

Sonoro Energy Stock Performance

The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.04. 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 company has a market capitalization of C$4.81 million, a price-to-earnings ratio of -4.00 and a beta of -1.68.

About Sonoro Energy

(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.

See Also