Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 7.3% – Here’s Why

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price dropped 7.3% during mid-day trading on Friday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 298,700 shares traded hands during trading, a decline of 15% from the average daily volume of 352,359 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.70 target price 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 currently has a consensus rating of “Buy” and an average price target of C$0.70.

Sonoro Gold Corp. (SMO.V) Trading Down 5.5%

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 company’s 50-day moving average is C$0.28 and its 200-day moving average is C$0.25. The stock has a market capitalization of C$67.63 million, a price-to-earnings ratio of -8.67 and a beta of 0.95.

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.