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

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 8000 shares. The stock had previously closed at C$0.03.

Sonoro Energy Price Performance

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 firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.04. The company has a market capitalization of C$6.01 million, a PE ratio of -4.00 and a beta of -1.68.

About Sonoro Energy

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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.

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