Sonoro Gold Corp. (OTCMKTS:SMOFF) Short Interest Up 134.0% in June

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 18,544 shares, a growth of 134.0% from the May 31st total of 7,924 shares. Based on an average daily trading volume, of 313,227 shares, the days-to-cover ratio is presently 0.1 days.

Sonoro Gold Price Performance

Shares of SMOFF opened at $0.16 on Wednesday. Sonoro Gold has a 1-year low of $0.10 and a 1-year high of $0.25. The firm has a fifty day moving average price of $0.17 and a 200 day moving average price of $0.19.

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.