Sokoman Minerals (CVE:SIC) Shares Down 7% - Here's What Happened

Key Points

• Sokoman Minerals Corp. shares fell 7% during mid-day trading, with prices dropping to C$0.24.
• The company has a market capitalization of C$69.56 million, and a PE ratio of -15.02.
• Sokoman Minerals primarily focuses on exploration for gold projects in Newfoundland and Labrador, including its flagship Moosehead project.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) were down 7% during mid-day trading on Friday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 704,565 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 609,419 shares. The stock had previously closed at C$0.26.

Sokoman Minerals Trading Down 18.6%

The company has a market cap of C$69.56 million, a PE ratio of -15.02 and a beta of 2.79. The business's 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.05.

About Sokoman Minerals

Sokoman Minerals Corp., an exploration-stage company, engages in the exploration of mineral properties in Canada. The company primarily focuses on its portfolio of gold projects located in the province of Newfoundland and Labrador. It has 100% owned flagship Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland.

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