Sokoman Minerals (CVE:SIC) Shares Up 18.5% - What's Next?

Key Points

• Sokoman Minerals Corp.'s stock surged 18.5% during mid-day trading, reaching a high of C$0.16, with trading volume increasing by 312% compared to average levels.
• The company, focused on gold exploration in Newfoundland and Labrador, owns flagship projects including Moosehead and Fleur de Lys.
• Sokoman has a market capitalization of C$59.62 million and a PE ratio of -12.87, indicating it is currently not profitable.

Sokoman Minerals Corp. (CVE:SIC - ) shot up 18.5% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.16. 2,701,442 shares were traded during trading, an increase of 474% from the average session volume of 470,454 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Stock Performance

The company has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a market cap of C$54.66 million, a price-to-earnings ratio of -11.80 and a beta of 0.68.

Sokoman Minerals Company Profile

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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