Sonoro Energy (CVE:SNV) Reaches New 1-Year Low – Here’s What Happened

Sonoro Energy Ltd. (CVE:SNV)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 97340 shares traded. The stock had previously closed at C$0.04.

Sonoro Energy Stock Down 10.0%

The company has a market capitalization of C$10.80 million, a P/E ratio of -4.50 and a beta of -20.08. The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.05. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.

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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.