Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 12.5% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 120,500 shares changed hands during trading, a decline of 44% from the average daily volume of 214,163 shares. The stock had previously closed at C$0.04.
Sonoro Energy Price Performance
The firm has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.05. 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 market capitalization of C$9.60 million, a PE ratio of -4.00 and a beta of -20.08.
Sonoro Energy Company Profile
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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