Sokoman Minerals (CVE:SIC) Stock Price Down 18.6% - Here's What Happened

Key Points

• Sokoman Minerals Corp. (CVE:SIC) experienced an 18.6% decline in stock price on Friday, trading as low as C$0.20.
• The stock saw a significant increase in trading volume, with approximately 3 million shares changing hands, a 394% rise compared to the average daily volume.
• Sokoman Minerals focuses on the exploration of mineral properties in Canada, particularly their gold projects located in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - ) shares dropped 18.6% on Friday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 3,042,675 shares changed hands during mid-day trading, an increase of 394% from the average daily volume of 616,542 shares. The stock had previously closed at C$0.26.

Sokoman Minerals Price Performance

The stock has a market capitalization of C$74.53 million, a PE ratio of -16.09 and a beta of 2.79. The firm's 50 day simple moving average is C$0.06 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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