Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 30.4% on Thursday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 1,323,349 shares changed hands during mid-day trading, an increase of 692% from the average daily volume of 167,167 shares. The stock had previously closed at C$0.12.
Sonoro Energy Stock Performance
The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The stock has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.08. The company has a market cap of C$18.13 million, a PE ratio of -4.00 and a beta of -6.76.
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.
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