Sonoro Energy (CVE:SNV) Stock Price Down 11.1% – Should You Sell?

Sonoro Energy Ltd. (CVE:SNV)’s stock price was down 11.1% on Wednesday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 142,305 shares changed hands during trading, an increase of 7% from the average daily volume of 133,517 shares. The stock had previously closed at C$0.09.

Sonoro Energy Stock Down 5.6 %

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 firm has a market capitalization of C$19.26 million, a PE ratio of -4.25 and a beta of -6.76. The business’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.08.

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.