Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Up 13.7% – What’s Next?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) rose 13.7% on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 281,350 shares were traded during 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 objective on shares of Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$0.70.

Sonoro Gold Corp. (SMO.V) Stock Performance

The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02. The stock has a market capitalization of C$80.63 million, a PE ratio of -10.33 and a beta of 0.40. The firm has a fifty day moving average price of C$0.22 and a two-hundred day moving average price of C$0.24.

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.