Sonoro Gold Corp. (OTCMKTS:SMOFF – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 935 shares, a decline of 88.3% from the April 15th total of 8,000 shares. Based on an average daily trading volume, of 250,705 shares, the days-to-cover ratio is currently 0.0 days.
Sonoro Gold Price Performance
Sonoro Gold stock traded down $0.00 during midday trading on Thursday, hitting $0.20. 42,651 shares of the company’s stock were exchanged, compared to its average volume of 226,787. Sonoro Gold has a 52-week low of $0.08 and a 52-week high of $0.25. The stock has a 50-day moving average price of $0.18 and a two-hundred day moving average price of $0.18.
The company’s flagship asset is the 100%-owned Cerro Caliche gold project, located approximately 25 kilometers northeast of Navojoa. Cerro Caliche comprises a low‐sulfidation, oxide gold deposit amenable to heap leach processing, and Sonoro has completed a preliminary economic assessment alongside metallurgical and hydrogeological studies.
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