Sonoro Energy Ltd. (CVE:SNV – Get Free Report) dropped 33.3% on Tuesday. The company traded as low as C$0.01 and last traded at C$0.01. 180,401 shares traded hands during trading, an increase of 3% from the average daily volume of 175,343 shares. The stock had previously closed at C$0.01.
Sonoro Energy Price Performance
The company has a market cap of C$2.40 million, a price-to-earnings ratio of -4.00 and a beta of 2.10. 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 firm’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$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.
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