Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 3.8% – Time to Sell?

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO – Get Free Report) dropped 3.8% during trading on Monday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 117,801 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 258,928 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

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 note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Sonoro Gold Corp. (SMO.V) has an average rating of “Buy” and an average price target of C$0.83.

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Sonoro Gold Corp. (SMO.V) Price Performance

The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02. The firm has a market cap of C$77.97 million, a PE ratio of -12.50 and a beta of 0.85. The firm has a 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.25.

Sonoro Gold Corp. (SMO.V) Company Profile

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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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