Sonoro Gold Corp. (SMO.V) (CVE:SGO) Stock Price Down 4.5% - Here's What Happened

Key Points

• Sonoro Gold Corp. (SMO.V) shares declined by 4.5% during trading on Thursday, hitting a low of C$0.21, with a significant increase in trading volume of 499,883 shares.
• The company has a current ratio of 0.03 and a debt-to-equity ratio of 702.99, indicating potential financial instability.
• Sonoro Gold Corp. focuses on the exploration and development of mineral properties, primarily for gold and silver, with notable interests in the San Marcial project in Mexico.

Shares of Sonoro Gold Corp. (SMO.V) (CVE:SGO - ) dropped 4.5% during mid-day trading on Thursday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 499,883 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 261,465 shares. The stock had previously closed at C$0.22.

Sonoro Gold Corp. (SMO.V) Trading Down 4.5%

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 market capitalization of C$50.22 million, a price-to-earnings ratio of -21.00 and a beta of 0.09. The company has a fifty day moving average of C$0.24 and a 200-day moving average of C$0.27.

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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