Sonoro Gold Corp. (OTCMKTS:SMOFF) Short Interest Up 692.4% in May

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 7,924 shares, an increase of 692.4% from the May 14th total of 1,000 shares. Based on an average daily trading volume, of 267,898 shares, the days-to-cover ratio is currently 0.0 days.

Sonoro Gold Stock Performance

SMOFF traded down $0.00 during trading on Wednesday, reaching $0.15. The company had a trading volume of 35,033 shares, compared to its average volume of 214,192. Sonoro Gold has a 12 month low of $0.09 and a 12 month high of $0.25. The business’s fifty day moving average price is $0.18 and its 200 day moving average price is $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.