Sonoro Energy (CVE:SNV) Shares Up 37.5% – Still a Buy?

Sonoro Energy Ltd. (CVE:SNV)’s stock price shot up 37.5% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 549,302 shares changed hands during mid-day trading, an increase of 193% from the average session volume of 187,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98. The company has a market capitalization of C$14.40 million, a price-to-earnings ratio of -6.00 and a beta of -18.41. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.07.

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.