Sonoro Energy (CVE:SNV) Trading Up 23.8% – Time to Buy?

Sonoro Energy Ltd. (CVE:SNV)’s stock price was up 23.8% during trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 177,300 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 117,799 shares. The stock had previously closed at C$0.11.

Sonoro Energy Price Performance

The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03. The stock has a market cap of C$26.06 million, a P/E ratio of -6.00 and a beta of -6.76. The company’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08.

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.