Sonoro Gold Corp. (OTCMKTS:SMOFF) Short Interest Up 692.4% in May

Sonoro Gold Corp. (OTCMKTS:SMOFF) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 7,924 shares, an increase of 692.4% from the May 14th total of 1,000 shares. Based on an average trading volume of 267,898 shares, the short-interest ratio is currently 0.0 days.

Sonoro Gold Stock Performance

Shares of SMOFF traded down $0.00 during midday trading on Wednesday, reaching $0.15. The stock had a trading volume of 35,033 shares, compared to its average volume of 214,192. The firm has a 50 day simple moving average of $0.18 and a 200-day simple moving average of $0.19. Sonoro Gold has a one year low of $0.09 and a one year high of $0.25.

Sonoro Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold projects in the state of Sonora, Mexico. Headquartered in Vancouver, the company’s primary objective is to delineate and develop economically viable gold resources through systematic exploration, metallurgical testing and pilot?scale production.

The company’s flagship asset is the 100%-owned Cerro Caliche gold project, located approximately 25 kilometers northeast of Navojoa. Cerro Caliche comprises a low?sulfidation, oxide gold deposit amenable to heap leach processing, and Sonoro has completed a preliminary economic assessment alongside metallurgical and hydrogeological studies.