Sonoro Gold (OTCMKTS:SMOFF) Shares Up 4.2% – Here’s Why

Sonoro Gold Corp. (OTCMKTS:SMOFF)’s stock price traded up 4.2% on Wednesday . The company traded as high as $0.2120 and last traded at $0.2115. 106,328 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 267,379 shares. The stock had previously closed at $0.2030.

Sonoro Gold Price Performance

The company’s fifty day simple moving average is $0.21.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold projects in the state of Sonora, Mexico. Headquartered in Vancouver, the company’s primary objective is to delineate and develop economically viable gold resources through systematic exploration, metallurgical testing and pilot‐scale production.

The company’s flagship asset is the 100%-owned Cerro Caliche gold project, located approximately 25 kilometers northeast of Navojoa. Cerro Caliche comprises a low‐sulfidation, oxide gold deposit amenable to heap leach processing, and Sonoro has completed a preliminary economic assessment alongside metallurgical and hydrogeological studies.