Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Down 4.1% – Here’s Why

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s share price was down 4.1% during trading on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 279,700 shares were traded during trading, a decline of 1% from the average daily volume of 282,508 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.83 price target on Sonoro Gold Corp. (SMO.V) and gave the stock a “buy” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Sonoro Gold Corp. (SMO.V) has a consensus rating of “Buy” and an average target price of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The stock has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The company has a market capitalization of C$63.72 million, a price-to-earnings ratio of -8.17 and a beta of 0.95. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99.

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.