Sonoro Gold Corp. (SMO.V) (CVE:SGO) Hits New 52-Week Low – What’s Next?

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO) hit a new 52-week low during trading on Friday. The company traded as low as C$0.15 and last traded at C$0.15, with a volume of 169,340 shares. The stock had previously closed at C$0.17.

Sonoro Gold Corp. (SMO.V) Stock Performance

The business has a 50-day moving average price of C$0.19 and a 200 day moving average price of C$0.23. The stock has a market capitalization of C$66.95 million, a P/E ratio of -7.75 and a beta of 0.78. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03.

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.