Sokoman Minerals (CVE:SIC) Stock Price Down 16.7% - What's Next?

Key Points

• Sokoman Minerals Corp. shares dropped 16.7% to C$0.18 during trading, with approximately 1.3 million shares changing hands, marking a significant increase in trading volume.
• The company has a market cap of C$59.62 million and negative earnings with a price-to-earnings ratio of -12.87.
• Sokoman primarily focuses on gold exploration in Canada, owning projects such as Moosehead, Crippleback Lake, and Fleur de Lys in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - )'s share price was down 16.7% during trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 1,278,492 shares changed hands during trading, an increase of 99% from the average daily volume of 643,076 shares. The stock had previously closed at C$0.21.

Sokoman Minerals Stock Performance

The stock has a market cap of C$59.62 million, a price-to-earnings ratio of -12.87 and a beta of 2.79. The company's 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.05.

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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