Sokoman Minerals (CVE:SIC) Shares Down 7% - What's Next?

Key Points

• Sokoman Minerals Corp. saw its share price decline by 7%, trading at C$0.24, with increased trading volume of approximately 704,565 shares.
• The company has a market capitalization of C$69.56 million, a PE ratio of -15.02, and operates primarily in the exploration of gold projects in Newfoundland and Labrador.
• Sokoman's flagship projects include the Moosehead, Crippleback Lake, and the Fleur de Lys, showcasing its focus on mineral properties.

Sokoman Minerals Corp. (CVE:SIC - )'s share price dropped 7% during trading on Friday . The stock 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 Stock Performance

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

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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