Sokoman Minerals (CVE:SIC) Stock Price Down 18.6% - Time to Sell?

Key Points

• Sokoman Minerals' stock price dropped 18.6% on Friday, trading between C$0.20 and C$0.21, notably higher than its average session volume.
• The company has a market cap of C$74.53 million and operates primarily in mineral exploration, focusing on gold projects in Newfoundland and Labrador.
• With a price-to-earnings ratio of -16.09 and a beta of 2.79, the stock shows high volatility and hasn't made profits yet.

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

Sokoman Minerals Stock Down 12.8%

The firm has a market cap of C$74.53 million, a price-to-earnings ratio of -16.09 and a beta of 2.79. The stock's 50 day moving average is C$0.06 and its 200 day moving average is C$0.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.