Sonoro Energy (CVE:SNV) Sets New 12-Month Low – Here’s What Happened

Shares of Sonoro Energy Ltd. (CVE:SNVGet Free Report) hit a new 52-week low on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 308094 shares trading hands. The stock had previously closed at C$0.04.

Sonoro Energy Price Performance

The company has a market capitalization of C$9.60 million, a price-to-earnings ratio of -4.00 and a beta of -20.08. The company has a current ratio of 0.98, a quick ratio of 0.03 and a debt-to-equity ratio of 30.36. The company’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

About Sonoro Energy

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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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