Sonoro Gold Corp. (SMO.V) (CVE:SGO) Trading 5% Higher - Still a Buy?

Key Points

• Sonoro Gold Corp. (SMO.V) experienced a 5% increase in stock price on Thursday, closing at C$0.21 after trading as high as C$0.22.
• The company's current financial metrics show a high debt-to-equity ratio of 702.99 and a market capitalization of C$50.22 million.
• Sonoro Gold Corp. focuses on the acquisition and exploration of mineral properties, primarily for gold and silver, with significant interests in Mexico and the United States.

Sonoro Gold Corp. (SMO.V) (CVE:SGO - Get Free Report) shares rose 5% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 193,596 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 248,083 shares. The stock had previously closed at C$0.20.

Sonoro Gold Corp. (SMO.V) Price Performance

The company has a debt-to-equity ratio of 702.99, a quick ratio of 0.02 and a current ratio of 0.03. The company has a market cap of C$57.40 million, a price-to-earnings ratio of -24.00 and a beta of 0.05. The business has a fifty day moving average price of C$0.27 and a 200 day moving average price of C$0.28.

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.