Sonoro Gold Corp. (OTCMKTS:SMOFF) Sees Significant Growth in Short Interest

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 15,359 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average trading volume of 236,535 shares, the short-interest ratio is presently 0.1 days.

Sonoro Gold Stock Performance

Shares of OTCMKTS SMOFF opened at $0.15 on Friday. Sonoro Gold has a 1-year low of $0.11 and a 1-year high of $0.25. The business has a fifty day moving average price of $0.15 and a 200 day moving average price of $0.17.

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.