Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Down 5.2% – Time to Sell?

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO) traded down 5.2% during mid-day trading on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. 132,000 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 360,526 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

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 research report on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$0.70.

Sonoro Gold Corp. (SMO.V) Stock Down 5.2%

The firm has a market capitalization of C$71.53 million, a price-to-earnings ratio of -9.17 and a beta of 0.95. The firm has a fifty day moving average price of C$0.27 and a 200 day moving average price of C$0.25. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99.

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.