Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading 13.7% Higher – Here’s Why

by · The Cerbat Gem

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO – Get Free Report) rose 13.7% during trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 281,350 shares traded hands during trading, an increase of 8% from the average daily volume of 261,058 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$0.70.

Read Our Latest Stock Report on SGO

Sonoro Gold Corp. (SMO.V) Trading Up 29.4%

The company’s 50-day moving average price is C$0.22 and its 200 day moving average price is C$0.24. The stock has a market cap of C$85.83 million, a PE ratio of -11.00 and a beta of 0.40. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03.

Sonoro Gold Corp. (SMO.V) Company Profile

(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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