Sonoro Energy (CVE:SNV) Sets New 52-Week Low – Should You Sell?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 87250 shares changing hands. The stock had previously closed at C$0.05.

Sonoro Energy Stock Performance

The firm’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.08. 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 has a market capitalization of C$9.29 million, a PE ratio of -2.00 and a beta of -14.87.

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.

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