Sonoro Gold Corp. (OTCMKTS:SMOFF) Sees Large Increase in Short Interest

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 11,752 shares, an increase of 1,075.2% from the September 30th total of 1,000 shares. Based on an average daily trading volume, of 411,276 shares, the days-to-cover ratio is currently 0.0 days.

Sonoro Gold Price Performance

Shares of SMOFF remained flat at $0.12 on Monday. The stock had a trading volume of 16,250 shares, compared to its average volume of 189,004. Sonoro Gold has a fifty-two week low of $0.11 and a fifty-two week high of $0.25. The business has a fifty day moving average price of $0.14 and a 200 day moving average price of $0.17.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on gold properties in Mexico. Its primary asset is the Cerro Caliche Gold Project in Sonora, a region with established mining infrastructure and a history of precious-metals production.

The Cerro Caliche project comprises a large group of mineralized zones containing epithermal gold deposits. Sonoro Gold’s activities include geological mapping, exploration drilling, resource evaluation, permitting and studies related to the potential development of a low-cost, open-pit mining operation.