Sonoro Gold (OTCMKTS:SMOFF) Shares Down 1.4% – Here’s Why

Sonoro Gold Corp. (OTCMKTS:SMOFF)’s share price fell 1.4% during mid-day trading on Thursday . The company traded as low as $0.2215 and last traded at $0.2325. 415,244 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 267,818 shares. The stock had previously closed at $0.2357.

Sonoro Gold Stock Performance

The stock has a 50 day moving average of $0.19.

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.