Sonoro Energy (CVE:SNV) Shares Down 12.5% – Here’s Why

Shares of Sonoro Energy Ltd. (CVE:SNVGet Free Report) were down 12.5% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 120,500 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 214,163 shares. The stock had previously closed at C$0.04.

Sonoro Energy Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36. The company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The firm has a market capitalization of C$9.60 million, a price-to-earnings ratio of -4.00 and a beta of -20.08.

Sonoro Energy Company Profile

(Get Free Report)

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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