Sokoman Minerals (CVE:SIC) Shares Up 36.1% - Should You Buy?

Key Points

• Sokoman Minerals Corp. shares surged 36.1% to C$0.25 during mid-day trading, with a remarkable increase in trading volume of 1,049% compared to the average session.
• The company has a market capitalization of C$81.15 million and operates primarily in gold exploration in Newfoundland and Labrador.
• Sokoman's flagship projects include the Moosehead and Crippleback Lake gold projects, emphasizing its focus on mineral properties in Canada.

Sokoman Minerals Corp. (CVE:SIC - )'s stock price shot up 36.1% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 6,737,477 shares changed 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 Price Performance

The firm's fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The company has a market capitalization of C$81.15 million, a price-to-earnings ratio of -17.52 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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