Sonoro Energy (CVE:SNV) Trading Down 11.1% – Here’s Why

Sonoro Energy Ltd. (CVE:SNV) fell 11.1% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 215,000 shares were traded during trading, an increase of 0% from the average session volume of 214,034 shares. The stock had previously closed at C$0.05.

Sonoro Energy Price Performance

The stock has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.05. 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 firm has a market capitalization of C$9.60 million, a P/E ratio of -4.00 and a beta of -20.08.

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.