Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Up 13.7% – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Sonoro Gold Corp. (SMO.V) (CVE:SGO – Get Free Report) were up 13.7% during trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 281,350 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 261,058 shares. The stock had previously closed at C$0.26.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$0.70 price target on shares of Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$0.70.
Sonoro Gold Corp. (SMO.V) Price Performance
The stock has a fifty day moving average of C$0.22 and a 200 day moving average of C$0.24. The stock has a market cap of C$80.63 million, a price-to-earnings ratio of -10.33 and a beta of 0.40. The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02.
Sonoro Gold Corp. (SMO.V) Company Profile
Sonoro Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States. It primarily explores for gold and silver. The company holds interest in the San Marcial project covering an area of approximately 1,000 hectares located in Sonora, Mexico. It also has an option to earn a 60% interest in the Hilltop Gold project consisting of 12,836 hectares located in southeast of Fairbanks, Alaska; and a 100% interest in the Calera Group of Concessions that covers an area of approximately 1,500 hectares located in the municipality of Cucurpe, Mexico.