Sonoro Gold Corp. (SMO.V) (CVE:SGO) Reaches New 12-Month High - Still a Buy?

Key Points

• Sonoro Gold Corp. shares hit a new 52-week high at C$0.25, closing at C$0.24 with a trading volume of 539,943 shares.
• The company has a market capitalization of C$56.20 million and a P/E ratio of -23.50, indicating potential financial instability.
• Sonoro Gold primarily focuses on the acquisition and exploration of mineral properties, specifically for gold and silver in Mexico and the United States.

Sonoro Gold Corp. (SMO.V) (CVE:SGO - )'s share price hit a new 52-week high on Monday . The company traded as high as C$0.25 and last traded at C$0.24, with a volume of 539943 shares traded. The stock had previously closed at C$0.22.

Sonoro Gold Corp. (SMO.V) Stock Up 6.8%

The firm's fifty day moving average is C$0.27 and its 200-day moving average is C$0.28. The company has a market capitalization of C$56.20 million, a P/E ratio of -23.50 and a beta of 0.05. The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03.

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.

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