Sonoro Gold Corp. (SMO.V) (CVE:SGO) Shares Down 1.9% - Here's Why

Key Points

• Shares fell 1.9% to C$0.27 on Monday (intraday low C$0.26) with 156,052 shares traded, about 51% below the average session volume.
• Analyst outlook: Fundamental Research gave a "Buy" rating and a C$0.70 target, and MarketBeat's average analyst view for the stock is currently "Buy" with an average target of C$0.70.
• Weak financials: Market cap is C$68.93M with a negative P/E (-8.83), extremely high debt-to-equity (702.99) and very low liquidity (current ratio 0.03), signaling financial stress.

Sonoro Gold Corp. (SMO.V) (CVE:SGO - Get Free Report)'s stock price fell 1.9% during trading on Monday . The stock traded as low as C$0.26 and last traded at C$0.27. 156,052 shares traded hands during trading, a decline of 51% from the average session volume of 316,735 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.70 target price on shares of Sonoro Gold Corp. (SMO.V) and gave the stock a "buy" rating in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$0.70.

Sonoro Gold Corp. (SMO.V) Trading Down 1.9%

The firm's 50 day moving average is C$0.29 and its 200 day moving average is C$0.24. The firm has a market capitalization of C$68.93 million, a price-to-earnings ratio of -8.83 and a beta of 0.52. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 702.99.

Sonoro Gold Corp. (SMO.V) Company Profile

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.

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