Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 3.8% – Time to Sell?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shares were down 3.8% during mid-day trading on Monday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 117,801 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 258,928 shares. The stock had previously closed at C$0.26.

Analyst Ratings Changes

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

Sonoro Gold Corp. (SMO.V) Trading Down 3.8%

The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99. The stock’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.25. The company has a market capitalization of C$77.97 million, a PE ratio of -12.50 and a beta of 0.85.

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.