Sokoman Minerals (CVE:SIC) Stock Price Up 25.9% - Here's What Happened

Key Points

• Sokoman Minerals Corp. witnessed a substantial stock price increase of 25.9%, trading up to C$0.18 from its previous close of C$0.14.
• The trading volume surged to 5,584,000 shares, an increase of 1,038% compared to the average session volume.
• The company, with a market capitalization of C$54.66 million, is focused on exploring gold projects mainly in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - )'s stock price shot up 25.9% during trading on Friday . The company traded as high as C$0.18 and last traded at C$0.17. 5,584,000 shares were traded during mid-day trading, an increase of 1,038% from the average session volume of 490,510 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Stock Up 22.2%

The company has a market capitalization of C$54.66 million, a P/E ratio of -11.80 and a beta of 0.68. The business has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04.

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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