Sonoro Energy (CVE:SNV) Reaches New 52-Week 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$0.01 and last traded at C$0.01, with a volume of 3,000 shares changing hands. The stock had previously closed at C$0.01.

Sonoro Energy Price Performance

The stock has a market cap of C$2.40 million, a price-to-earnings ratio of -4.00 and a beta of 1.64. The stock has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. 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.