Sonoro Energy (CVE:SNV) Stock Price Up 30.8% – Still a Buy?

Shares of Sonoro Energy Ltd. (CVE:SNVGet Free Report) were up 30.8% on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 125,530 shares traded hands during trading, an increase of 18% from the average daily volume of 105,938 shares. The stock had previously closed at C$0.07.

Sonoro Energy Stock Up 7.7 %

The stock has a market cap of C$15.86 million, a P/E ratio of -3.50 and a beta of -6.76. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36. The company has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.08.

Sonoro Energy Company Profile

(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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