Sonoro Energy (CVE:SNV) Stock Price Up 25% – Here’s Why

Shares of Sonoro Energy Ltd. (CVE:SNV) rose 25% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 218,302 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 120,120 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 25.0%

The company has a market capitalization of C$12.00 million, a P/E ratio of -5.00 and a beta of -18.41. The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 30.36, a current ratio of 0.98 and a quick ratio of 0.03.

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.