Sonoro Energy (CVE:SNV) Sets New 52-Week Low – Should You Sell?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 211000 shares traded. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98. The company has a market capitalization of C$7.21 million, a price-to-earnings ratio of -4.00 and a beta of -1.67.

About Sonoro Energy

(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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