Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 4.7% – Time to Sell?

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO) dropped 4.7% during trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. 152,783 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 244,731 shares. The stock had previously closed at C$0.21.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.83 price target on Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The business’s 50 day moving average is C$0.24 and its 200 day moving average is C$0.26. The stock has a market capitalization of C$63.06 million, a PE ratio of -20.00 and a beta of 0.43. 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.