Short Interest in Sonoro Gold Corp. (OTCMKTS:SMOFF) Drops By 39.4%

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 46,567 shares, a drop of 39.4% from the November 30th total of 76,780 shares. Based on an average daily volume of 354,936 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 354,936 shares, the days-to-cover ratio is currently 0.1 days.

Sonoro Gold Stock Down 3.9%

SMOFF stock opened at $0.19 on Tuesday. Sonoro Gold has a one year low of $0.05 and a one year high of $0.21. The firm’s 50-day moving average price is $0.16.

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.