Sokoman Minerals (CVE:SIC) Shares Up 36.1% - Here's Why

Key Points

• Sokoman Minerals Corp. shares surged 36.1% in a single trading session, rising to C$0.25 from a previous close of C$0.18.
• The trading volume for the stock increased dramatically, with 6,737,477 shares traded, up over 1,000% from the average volume of 586,132 shares.
• Sokoman focuses on mineral exploration in Canada, particularly gold projects in Newfoundland and Labrador, including its flagship Moosehead project.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) traded up 36.1% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 6,737,477 shares traded hands during trading, an increase of 1,049% from the average session volume of 586,132 shares. The stock had previously closed at C$0.18.

Sokoman Minerals Stock Performance

The company has a market cap of C$85.46 million, a PE ratio of -18.45 and a beta of 2.79. The business's 50-day moving average is C$0.05 and its 200 day moving average is C$0.04.

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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