Sokoman Minerals (CVE:SIC) Stock Price Up 18.5% - Should You Buy?

Key Points

• Sokoman Minerals Corp.'s stock price increased by 18.5% during mid-day trading, reaching C$0.16, following a significant trading volume of 2,701,442 shares, up 474% from the average.
• The company's market capitalization stands at C$54.66 million, with a P/E ratio of -11.80 and a beta of 0.68.
• Sokoman Minerals focuses on the exploration of gold projects in Canada, particularly in the province of Newfoundland and Labrador, including its flagship Moosehead project.

Sokoman Minerals Corp. (CVE:SIC - )'s stock price rose 18.5% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 2,701,442 shares traded hands during trading, an increase of 474% from the average daily volume of 470,454 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Trading Up 22.2%

The firm's fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a market cap of C$54.66 million, a P/E ratio of -11.80 and a beta of 0.68.

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.

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.