Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Down 4.1% – Here’s What Happened

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price dropped 4.1% on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 279,700 shares were traded during trading, a decline of 1% from the average daily volume of 282,508 shares. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.83 target price on Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The firm has a 50 day moving average of C$0.25 and a two-hundred day moving average of C$0.25. The stock has a market cap of C$61.12 million, a P/E ratio of -7.83 and a beta of 0.95. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03.

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.