Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 4.7% – What’s Next?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shares were down 4.7% during mid-day trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 152,783 shares were traded during mid-day trading, a decline of 38% from the average session volume of 244,731 shares. The stock had previously closed at C$0.21.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.83 price objective on shares of Sonoro Gold Corp. (SMO.V) and gave the stock a “buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Sonoro Gold Corp. (SMO.V) currently has an average rating of “Buy” and an average target price of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The stock has a fifty day moving average of C$0.24 and a 200-day moving average of C$0.26. The firm has a market capitalization of C$64.64 million, a P/E ratio of -20.50 and a beta of 0.43. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99.

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.