Sonoro Gold Corp. (OTCMKTS:SMOFF) Stock Short Interest Jumps 1,075.2%

Sonoro Gold Corp. (OTCMKTS:SMOFF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,752 shares, an increase of 1,075.2% from the September 30th total of 1,000 shares. Based on an average daily volume of 411,276 shares, the short-interest ratio is presently 0.0 days.

Sonoro Gold Price Performance

SMOFF stock remained flat at $0.12 during trading on Monday. 16,250 shares of the company traded hands, compared to its average volume of 189,004. The company has a 50 day simple moving average of $0.14 and a 200-day simple moving average of $0.17. Sonoro Gold has a 1 year low of $0.11 and a 1 year high of $0.25.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on gold properties in Mexico. Its primary asset is the Cerro Caliche Gold Project in Sonora, a region with established mining infrastructure and a history of precious-metals production.

The Cerro Caliche project comprises a large group of mineralized zones containing epithermal gold deposits. Sonoro Gold’s activities include geological mapping, exploration drilling, resource evaluation, permitting and studies related to the potential development of a low-cost, open-pit mining operation.