Sonoro Energy (CVE:SNV) Shares Down 5% – Should You Sell?

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price was down 5% on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 162,500 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 162,500 shares. The stock had previously closed at C$0.10.

Sonoro Energy Price Performance

The firm has a market capitalization of C$21.53 million, a PE ratio of -4.75 and a beta of -6.76. 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 business’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.08.

About Sonoro Energy

(Get Free Report)

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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