Sonoro Energy (CVE:SNV) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Sonoro Energy Ltd. (CVE:SNV) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.05 and traded as low as C$0.05. Sonoro Energy shares last traded at C$0.05, with a volume of 64,644 shares traded.

Sonoro Energy Stock Performance

The company has a market cap of C$10.80 million, a P/E ratio of -4.50 and a beta of -19.90. The stock has a 50 day moving average price of C$0.05 and a two-hundred day moving average price 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.

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.