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

Sonoro Gold Corp. (SMO.V) (CVE:SGO)’s stock price fell 4.7% on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 152,783 shares changed 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.

Analyst Ratings Changes

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

Sonoro Gold Corp. (SMO.V) Price Performance

The company has a market capitalization of C$64.64 million, a price-to-earnings ratio of -20.50 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. The company has a 50 day moving average price of C$0.24 and a 200 day moving average price of C$0.26.

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.