Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Down 5.2% – Here’s What Happened

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price traded down 5.2% during trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. 132,000 shares were traded during mid-day trading, a decline of 63% from the average session volume of 360,526 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.70 price objective on Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$0.70.

Sonoro Gold Corp. (SMO.V) Trading Down 5.2%

The business’s 50-day moving average price is C$0.27 and its 200-day moving average price is C$0.25. The firm has a market capitalization of C$71.53 million, a PE ratio of -9.17 and a beta of 0.95. The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02.

About Sonoro Gold Corp. (SMO.V)

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.