Sonoro Energy (CVE:SNV) Trading Up 25% – Should You Buy?

Shares of Sonoro Energy Ltd. (CVE:SNV) shot up 25% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 524,302 shares changed hands during trading, an increase of 183% from the average session volume of 185,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 25.0%

The stock has a market capitalization of C$12.00 million, a price-to-earnings ratio of -5.00 and a beta of -18.41. The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.07. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36.

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.