Sokoman Minerals (CVE:SIC) Stock Price Up 29.6% - What's Next?

Key Points

• Sokoman Minerals Corp. stock surged by 29.6% on Friday, closing at C$0.18, with trading volume significantly increasing to approximately 4.69 million shares.
• The company's market capitalization stands at C$54.66 million, with a price-to-earnings ratio of -11.80, indicating it is operating at a loss.
• Sokoman Minerals focuses primarily on gold exploration, particularly through its flagship projects located in Newfoundland and Labrador, including Moosehead and Crippleback Lake.

Sokoman Minerals Corp. (CVE:SIC - ) rose 29.6% on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 4,690,584 shares changed hands during trading, an increase of 870% from the average daily volume of 483,367 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Stock Performance

The company has a market capitalization of C$54.66 million, a price-to-earnings ratio of -11.80 and a beta of 0.68. The company has a 50 day moving average price of C$0.04 and a 200 day moving average price 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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