Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Up 19.5% – Here’s What Happened

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price shot up 19.5% during trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. 490,185 shares changed hands during trading, an increase of 63% from the average session volume of 300,695 shares. The stock had previously closed at C$0.21.

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 report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$0.83.

Sonoro Gold Corp. (SMO.V) Price Performance

The firm has a 50 day simple moving average of C$0.27 and a 200-day simple moving average of C$0.24. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99. The company has a market cap of C$63.72 million, a PE ratio of -8.17 and a beta of 0.52.

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.