Sonoro Energy (CVE:SNV) Hits New 12-Month Low – What’s Next?

Sonoro Energy Ltd. (CVE:SNV)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 5001 shares trading hands. The stock had previously closed at C$0.04.

Sonoro Energy Stock Down 12.5%

The business’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a market capitalization of C$8.40 million, a PE ratio of -3.50 and a beta of -20.08. 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.