Shares of Sonoro Energy Ltd. (CVE:SNV – Get Free Report) were up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 809,499 shares traded hands during mid-day trading, an increase of 401% from the average daily volume of 161,459 shares. The stock had previously closed at C$0.01.
Sonoro Energy Trading Up 33.3%
The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.04. The company has a market cap of C$4.81 million, a price-to-earnings ratio of -4.00 and a beta of -1.80. 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.
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