Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Down 7.3% – Here’s What Happened

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s share price dropped 7.3% on Friday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 298,700 shares changed hands during trading, a decline of 15% from the average daily volume of 352,359 shares. The stock had previously closed at C$0.28.

Wall Street Analysts Forecast Growth

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

Sonoro Gold Corp. (SMO.V) Trading Down 5.5%

The firm has a fifty day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.25. The firm has a market capitalization of C$67.63 million, a P/E ratio of -8.67 and a beta of 0.95. The company has a debt-to-equity ratio of 702.99, a current ratio of 0.03 and a quick ratio of 0.02.

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.