Bullboard - Stock Discussion Forum Sonoro Gold Corp SMOFF

Primary Symbol: V.SGO

Metals & Mining Gold

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total... see more

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TSXV:SGO - Post Discussion

Sonoro Gold Corp > $SGO shares consolidating at $.185

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Post by partystocker on Dec 01, 2021 12:33pm

$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/