Sokoman Minerals (CVE:SIC) Shares Up 12.1% - Should You Buy?

Key Points

• Sokoman Minerals Corp. shares increased by 12.1% during mid-day trading, reaching a price of C$0.19.
• The company has a market capitalization of C$66.25 million and a significantly negative price-to-earnings ratio of -14.30.
• Sokoman primarily explores gold projects in Newfoundland and Labrador, including its flagship Moosehead and Fleur de Lys projects.

Sokoman Minerals Corp. (CVE:SIC - ) rose 12.1% during mid-day trading on Monday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 2,615,463 shares traded hands during mid-day 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 Stock Up 21.2%

The company has a market capitalization of C$66.25 million, a price-to-earnings ratio of -14.30 and a beta of 2.79. The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of 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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