Sonoro Gold Corp. (SMO.V) (CVE:SGO) Reaches New 12-Month High – What’s Next?

by · The Cerbat Gem

Sonoro Gold Corp. (SMO.V) (CVE:SGO – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$0.27 and last traded at C$0.26, with a volume of 294115 shares changing hands. The stock had previously closed at C$0.26.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.70 target price 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$0.70.

Get Our Latest Analysis on Sonoro Gold Corp. (SMO.V)

Sonoro Gold Corp. (SMO.V) Stock Down 1.6%

The firm has a 50-day moving average of C$0.22 and a two-hundred day moving average of C$0.24. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99. The stock has a market capitalization of C$80.63 million, a price-to-earnings ratio of -10.33 and a beta of 0.40.

About Sonoro Gold Corp. (SMO.V)

(Get Free Report)

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.

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