Sonoro Metals (CVE:SMO) Shares Up 11.5%

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Sonoro Metals Corp (CVE:SMO) shot up 11.5% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15, 157,000 shares were traded during trading. An increase of 171% from the average session volume of 57,963 shares. The stock had previously closed at C$0.13.

The business has a 50 day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.18. The company has a current ratio of 0.31, a quick ratio of 0.27 and a debt-to-equity ratio of 33.56. The stock has a market cap of $6.66 million and a price-to-earnings ratio of -1.12.

About Sonoro Metals (CVE:SMO)

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.

Further Reading: How Do Front-End Loads Impact an Investment?

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