Sokoman Minerals (CVE:SIC) Shares Up 12.1% - Here's What Happened

Key Points

• Sokoman Minerals Corp. (CVE:SIC) experienced a significant stock price increase of 12.1%, closing at C$0.19 after trading began at C$0.17.
• Approximately 2.6 million shares were traded, which marks a notable 425% increase compared to the average daily volume.
• The company focuses on mineral exploration in Canada, particularly its gold projects located in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - ) rose 12.1% during trading on Monday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 2,615,463 shares traded hands during trading, an increase of 425% from the average daily volume of 498,505 shares. The stock had previously closed at C$0.17.

Sokoman Minerals Price Performance

The company has a market cap of C$66.25 million, a PE ratio of -14.30 and a beta of 2.79. The stock's 50-day moving average is C$0.04 and its 200 day moving average is C$0.04.

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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