Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Up 9.8% – Time to Buy?

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s share price rose 9.8% during trading on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 188,025 shares changed hands during trading, a decline of 22% from the average daily volume of 241,725 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.83 price objective on Sonoro Gold Corp. (SMO.V) and gave the company 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.com, the stock presently has an average rating of “Buy” and an average price target of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Up 7.3%

The firm has a market capitalization of C$69.37 million, a P/E ratio of -22.00 and a beta of 0.43. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03. The firm’s 50-day moving average is C$0.24 and its 200 day moving average is C$0.26.

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.