Sonoro Energy (CVE:SNV) Trading 37.5% Higher – Time to Buy?

Sonoro Energy Ltd. (CVE:SNV) shares rose 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 549,302 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 190,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The company has a market cap of C$13.20 million, a PE ratio of -5.50 and a beta of -18.41. The business’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.07. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98.

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.