$SGO shares consolidating at $.185 Shares of junior mining company Sonoro Gold $SGO/$SGO.V are continuing a consolidation around a median price of $.185. Prices are currently at the bottom of a 14.5% swing pattern they’ve been establishing around this number, so this could be a good time to execute a solid little trade.
The 50 RSI is showing the lowest historical values to date, which leads me to expect prices are getting ready to pop given the proper catalyst.
Projections look strong for $SGO’s Cerro Caliche project, and the company’s recent MD&A has some good insights into where they’re currently at.
Shares of $SGO are currently trading at $.175 and the company is valued at $17.44 million.
https://www.marketscreener.com/quote/stock/SONORO-GOLD-CORP-49479026/news/Sonoro-Gold-MD-A-September-30-2021-37158367/