Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Up 8.9% – Here’s Why

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shot up 8.9% during mid-day trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.25. 250,912 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 270,891 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.83 target price on Sonoro Gold Corp. (SMO.V) and gave the stock a “buy” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Sonoro Gold Corp. (SMO.V) presently has an average rating of “Buy” and a consensus price target of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The company has a 50-day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.25. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03. The firm has a market capitalization of C$68.93 million, a P/E ratio of -8.83 and a beta of 0.85.

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.