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

Sonoro Gold Corp. (SMO.V) (CVE:SGOGet Free Report) shot up 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 were traded during mid-day trading, a decline of 22% from the average session volume of 241,725 shares. The stock had previously closed at C$0.20.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on Sonoro Gold Corp. (SMO.V)

Sonoro Gold Corp. (SMO.V) Price Performance

The company’s fifty day moving average is C$0.24 and its two-hundred day moving average is C$0.26. The firm has a market capitalization of C$69.37 million, a price-to-earnings ratio of -22.00 and a beta of 0.43. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99.

Sonoro Gold Corp. (SMO.V) Company Profile

(Get Free Report)

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.

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