Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Climb 20% – Time to Buy?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shares were up 20% on Monday. The company traded as high as C$0.18 and last traded at C$0.18. 185,750 shares were traded during trading, a decline of 1% from the average session volume of 188,065 shares. The stock had previously closed at C$0.15.

Sonoro Gold Corp. (SMO.V) Price Performance

The stock has a market cap of C$77.75 million, a P/E ratio of -9.00 and a beta of 0.85. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99. The company’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.23.

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.