Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Up 13.7% – Here’s What Happened

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price shot up 13.7% during trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. 281,350 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 261,058 shares. The stock had previously closed at C$0.26.

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

Sonoro Gold Corp. (SMO.V) Price Performance

The company has a market cap of C$85.83 million, a price-to-earnings ratio of -11.00 and a beta of 0.40. The company has a current ratio of 0.03, a quick ratio of 0.02 and a debt-to-equity ratio of 702.99. The business has a 50-day moving average price of C$0.22 and a 200 day moving average price of C$0.24.

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.