Sonoro Energy (CVE:SNV) Trading Up 37.5% – Time to Buy?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) shot up 37.5% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 549,302 shares were traded during trading, an increase of 189% from the average session volume of 190,320 shares. The stock had previously closed at C$0.04.

Sonoro Energy Trading Up 37.5%

The stock has a market capitalization of C$13.20 million, a P/E ratio of -5.50 and a beta of -18.41. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36. 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.

About Sonoro Energy

(Get Free Report)

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.

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