Sokoman Minerals (CVE:SIC) Stock Price Up 10.5% - Time to Buy?

Key Points

• Sokoman Minerals Corp. witnessed a 10.5% increase in stock price on Wednesday, reaching C$0.21.
• The company's market capitalization stands at C$69.56 million with a negative price-to-earnings ratio of -15.02.
• Sokoman primarily focuses on exploring mineral properties, particularly a portfolio of gold projects in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - )'s share price rose 10.5% on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 453,532 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 646,125 shares. The stock had previously closed at C$0.19.

Sokoman Minerals Price Performance

The business's 50-day moving average price is C$0.09 and its two-hundred day moving average price is C$0.06. The company has a market capitalization of C$69.56 million, a price-to-earnings ratio of -15.02 and a beta of 2.79.

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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