Sonoro Energy (CVE:SNV) Shares Up 33.3% – Still a Buy?

Shares of Sonoro Energy Ltd. (CVE:SNV) shot up 33.3% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 809,499 shares were traded during mid-day trading, an increase of 401% from the average session volume of 161,459 shares. The stock had previously closed at C$0.01.

Sonoro Energy Stock Performance

The stock has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The firm has a market capitalization of C$3.61 million, a P/E ratio of -4.00 and a beta of -1.80. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36.

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. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.