Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 19% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 119,400 shares traded hands during trading, an increase of 2% from the average daily volume of 116,937 shares. The stock had previously closed at C$0.11.
Sonoro Energy Stock Performance
The stock has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.08. 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 company has a market capitalization of C$19.26 million, a price-to-earnings ratio of -4.25 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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