Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Up 2.3% – Should You Buy?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shares rose 2.3% during mid-day trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. 47,118 shares traded hands during trading, a decline of 78% from the average session volume of 212,515 shares. The stock had previously closed at C$0.22.

Sonoro Gold Corp. (SMO.V) Price Performance

The business has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.24. 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 firm has a market capitalization of C$66.21 million, a price-to-earnings ratio of -21.00 and a beta of 0.59.

Sonoro Gold Corp. (SMO.V) Company Profile

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.