Sonoro Energy (CVE:SNV) Hits New 52-Week Low – Here’s Why

Sonoro Energy Ltd. (CVE:SNVGet Free Report)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 70000 shares. The stock had previously closed at C$0.06.

Sonoro Energy Price Performance

The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.09. The firm has a market cap of C$12.46 million, a P/E ratio of -2.50 and a beta of -6.72. The company has a debt-to-equity ratio of 30.36, a quick ratio of 0.03 and a current ratio of 0.98.

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.

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