Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading 13.7% Higher – Here’s Why

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s share price rose 13.7% on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 281,350 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 261,058 shares. The stock had previously closed at C$0.26.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.70 price target on Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Sonoro Gold Corp. (SMO.V) has a consensus rating of “Buy” and a consensus price target of C$0.70.

Sonoro Gold Corp. (SMO.V) Price Performance

The stock has a market cap of C$83.23 million, a P/E ratio of -10.67 and a beta of 0.40. The business has a 50-day simple moving average of C$0.22 and a 200 day simple moving average of C$0.24. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99.

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.