Sonoro Energy (CVE:SNV) Hits New 12-Month Low – Here’s Why

Sonoro Energy Ltd. (CVE:SNV) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 97340 shares trading hands. The stock had previously closed at C$0.04.

Sonoro Energy Stock Up 42.9%

The company has a market capitalization of C$12.00 million, a P/E ratio of -5.00 and a beta of -20.08. The company has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36.

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.