It is not very often for a penny stock company to achieve sustainable growth of the share price, yet Sonora Resources Corp. (OTC:SURE) has managed to do just that in 2011. The share price has more than tripled since the beginning of the year, which is quite an accomplishment for a company with no revenues up-to-date. 
Back in January, the share price gravitated around $0.10 per share. Last week, it was close to $0.80, and this one shows share prices around $0.60. The session yesterday, for example, closed at $0.62, which was actually a small decrease for the day. Yet, it is worth-mentioning that there was a promotion in the morning, which might have affected the trading activity. There was a promotional newsletter that hit mailboxes around 6 AM, for which StockGuru received $28k. In terms, depending on the goals of the paying party, it is debatable whether Tuesday’s session would have been the same without the promotion.
Otherwise, there is nothing new about Sonora Resources this week. The last time to hear from the company was a week ago, when the LOI about the acquiring of certain claims came out. In terms, when searching for additional information one has to go further back in time for it. If so, the 10-Q should be of particular interest as it gives relatively objective information about the condition of the company. The last one that Sonora filed dates back to July and covers a quarter with an end-date May 31st this year. Among other figures, it includes the following:
- $175k in cash; [BANNER]
- $220k in total current assets;
- $205k in total current liabilities;
- $613k in accumulated deficit;
- $0 in revenues;
- $389k in net loss;
Not particularly inspiring, not too bad either. Especially considering the marvellous run that started at the beginning of the year. Whether the direction of the stock price would remain the same throughout the rest of 2011 is not an easy question. A question, yet to be answered by Sonora.
