Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading Up 9.8% – Still a Buy?

Sonoro Gold Corp. (SMO.V) (CVE:SGO) shot up 9.8% during mid-day trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 188,025 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 241,725 shares. The stock had previously closed at C$0.20.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.83 price objective on shares of Sonoro Gold Corp. (SMO.V) and gave the company a “buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$0.83.

Sonoro Gold Corp. (SMO.V) Stock Performance

The business’s fifty day moving average is C$0.24 and its two-hundred day moving average is C$0.26. The stock has a market capitalization of C$67.79 million, a PE ratio of -21.50 and a beta of 0.43. The company has a quick ratio of 0.02, a current ratio of 0.03 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.