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

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 85708 shares changing hands. The stock had previously closed at C$0.04.

Sonoro Energy Stock Down 12.5%

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 business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.07. The company has a market cap of C$8.40 million, a PE ratio of -3.50 and a beta of -14.92.

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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