Sonoro Energy (CVE:SNV) Hits New 52-Week Low – Here’s Why

Sonoro Energy Ltd. (CVE:SNV – Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 70000 shares trading hands. The stock had previously closed at C$0.06.

Sonoro Energy Stock Performance

The firm has a market capitalization of C$12.46 million, a PE ratio of -2.50 and a beta of -6.72. 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 business’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.09.

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.

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