Sonoro Gold Corp. (OTCMKTS:SMOFF) Sees Significant Growth in Short Interest

Sonoro Gold Corp. (OTCMKTS:SMOFF – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 15,359 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 236,535 shares, the days-to-cover ratio is currently 0.1 days.

Sonoro Gold Price Performance

SMOFF stock opened at $0.15 on Tuesday. The stock’s 50 day simple moving average is $0.15 and its 200 day simple moving average is $0.17. Sonoro Gold has a 12-month low of $0.11 and a 12-month high of $0.25.

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Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold projects in the state of Sonora, Mexico. Headquartered in Vancouver, the company’s primary objective is to delineate and develop economically viable gold resources through systematic exploration, metallurgical testing and pilot‐scale production.

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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