Sonoro Gold Corp. (OTCMKTS:SMOFF) Sees Significant Growth in Short Interest

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 18,544 shares, an increase of 134.0% from the May 31st total of 7,924 shares. Based on an average daily volume of 313,227 shares, the short-interest ratio is currently 0.1 days.

Sonoro Gold Stock Up 0.2%

Sonoro Gold stock traded up $0.00 during midday trading on Monday, reaching $0.15. The company’s stock had a trading volume of 88,050 shares, compared to its average volume of 207,065. The business has a 50-day simple moving average of $0.17 and a 200-day simple moving average of $0.19. Sonoro Gold has a fifty-two week low of $0.10 and a fifty-two week high of $0.25.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold projects in the state of Sonora, Mexico. Headquartered in Vancouver, the company’s primary objective is to delineate and develop economically viable gold resources through systematic exploration, metallurgical testing and pilot‐scale production.

The company’s flagship asset is the 100%-owned Cerro Caliche gold project, located approximately 25 kilometers northeast of Navojoa. Cerro Caliche comprises a low‐sulfidation, oxide gold deposit amenable to heap leach processing, and Sonoro has completed a preliminary economic assessment alongside metallurgical and hydrogeological studies.