Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading 3.4% Higher – Time to Buy?

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s share price traded up 3.4% during trading on Wednesday . The stock traded as high as C$0.32 and last traded at C$0.31. 578,868 shares traded hands during trading, an increase of 36% from the average session volume of 424,412 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.70 price objective on Sonoro Gold Corp. (SMO.V) and gave the stock a “buy” rating in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$0.70.

Sonoro Gold Corp. (SMO.V) Stock Up 3.4%

The business has a fifty day moving average of C$0.25 and a 200 day moving average of C$0.25. 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 firm has a market cap of C$79.33 million, a P/E ratio of -10.17 and a beta of 0.77.

Sonoro Gold Corp. (SMO.V) Company Profile

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.