Sonoro Energy (CVE:SNV) Trading Up 25% – Still a Buy?

Sonoro Energy Ltd. (CVE:SNV) shares were up 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 534,302 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 185,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 9.1%

The company has a market capitalization of C$14.40 million, a price-to-earnings ratio of -6.00 and a beta of -18.41. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.07. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03.

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.