Sonoro Energy (CVE:SNV) Shares Down 13.8%

Sonoro Energy Ltd. (CVE:SNV)’s stock price traded down 13.8% during trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13. 86,050 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 168,549 shares. The stock had previously closed at C$0.15.

Sonoro Energy Trading Up 4.0 %

The firm has a market capitalization of C$25.28 million, a PE ratio of 6.25 and a beta of -6.75. The business’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.15.

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.