Sonoro Energy Ltd. (CVE:SNV – Get Free Report) fell 25% during trading on Thursday. The company traded as low as C$0.01 and last traded at C$0.01. 102,000 shares were traded during mid-day trading, a decline of 36% from the average session volume of 160,352 shares. The stock had previously closed at C$0.02.
Sonoro Energy Trading Up 33.3%
The firm has a market capitalization of C$4.81 million, a price-to-earnings ratio of -4.00 and a beta of -1.80. The firm’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.03. 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.
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