Sonoro Gold Corp. (OTCMKTS:SMOFF) Sees Large Drop in Short Interest

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,018 shares, a drop of 91.3% from the October 15th total of 11,752 shares. Based on an average daily trading volume, of 124,458 shares, the days-to-cover ratio is currently 0.0 days.

Sonoro Gold Stock Performance

OTCMKTS:SMOFF traded down $0.01 during trading hours on Wednesday, hitting $0.12. The company had a trading volume of 300,645 shares, compared to its average volume of 185,727. The stock has a 50-day moving average price of $0.13 and a 200 day moving average price of $0.16. Sonoro Gold has a 52 week low of $0.10 and a 52 week high of $0.25.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on gold projects in Sonora, Mexico. Its work centers on identifying and advancing mineral resources rather than producing or selling gold. The company’s principal project is Cerro Caliche, a gold property in Sonora that Sonoro is pursuing as a potential open-pit, heap-leach development. Sonoro also holds interests in other mineral properties in the region.