Sonoro Energy (CVE:SNV) Reaches New 1-Year Low – Should You Sell?

Sonoro Energy Ltd. (CVE:SNVGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 2000 shares. The stock had previously closed at C$0.03.

Sonoro Energy Stock Down 16.7%

The firm has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.04. 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 firm has a market cap of C$6.01 million, a PE ratio of -4.00 and a beta of -1.68.

Sonoro Energy Company Profile

(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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