Sonoro Energy (CVE:SNV) Trading 27.3% Higher – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV) traded up 27.3% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 140,000 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 87,756 shares. The stock had previously closed at C$0.06.

Sonoro Energy Stock Up 27.3 %

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 stock’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The firm has a market cap of C$15.86 million, a P/E ratio of -3.50 and a beta of -6.76.

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.