Sonoro Energy (CVE:SNV) Stock Price Up 25% – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV) shares rose 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 374,302 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 155,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 25.0%

The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.07. The firm has a market cap of C$12.00 million, a PE ratio of -5.00 and a beta of -18.41. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03.

Sonoro Energy Company Profile

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.