Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Up 8.9% – Here’s Why

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shares were up 8.9% during trading on Friday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 250,912 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 270,891 shares. The stock had previously closed at C$0.23.

Analyst Upgrades and Downgrades

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

Sonoro Gold Corp. (SMO.V) Stock Performance

The company has a market capitalization of C$68.93 million, a PE ratio of -8.83 and a beta of 0.85. The business’s fifty day moving average is C$0.24 and its two-hundred day moving average is C$0.25. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99.

Sonoro Gold Corp. (SMO.V) Company Profile

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.