Fundamental Research Reiterates “C$0.70” Price Target for Sonoro Gold Corp. (SMO.V) (CVE:SGO)

Sonoro Gold Corp. (SMO.V) (CVE:SGO) received a C$0.70 target price from research analysts at Fundamental Research in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price objective would suggest a potential upside of 174.51% from the company’s previous close.

Sonoro Gold Corp. (SMO.V) Price Performance

Shares of SGO traded down C$0.01 on Tuesday, hitting C$0.26. The company’s stock had a trading volume of 205,783 shares, compared to its average volume of 261,169. The company has a market capitalization of C$66.33 million, a PE ratio of -8.50 and a beta of 0.40. Sonoro Gold Corp. has a fifty-two week low of C$0.07 and a fifty-two week high of C$0.27. The company has a 50 day moving average price of C$0.21 and a 200 day moving average price of C$0.25. The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02.

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.