Sonoro Gold Corp. (SMO.V) (CVE:SGO) Reaches New 52-Week High – Time to Buy?

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO) reached a new 52-week high during trading on Monday . The company traded as high as C$0.27 and last traded at C$0.26, with a volume of 294115 shares changing hands. The stock had previously closed at C$0.26.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.70 price objective on shares of Sonoro Gold Corp. (SMO.V) and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$0.70.

Sonoro Gold Corp. (SMO.V) Trading Down 2.0%

The business’s 50-day simple moving average is C$0.22 and its 200-day simple moving average is C$0.24. The company has a market cap of C$65.03 million, a PE ratio of -8.33 and a beta of 0.40. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99.

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.