Sokoman Minerals (CVE:SIC) Stock Price Up 36.1% - Here's Why

Key Points

• Sokoman Minerals Corp. (CVE:SIC) experienced a significant **36.1% increase** in stock price during mid-day trading, reaching C$0.25.
• The trading volume surged to approximately **6.7 million shares**, a **1,049% increase** from its average daily volume of around 586,132 shares.
• The company focuses on **exploring mineral properties**, specifically its **gold projects** in Newfoundland and Labrador, including the flagship Moosehead project.

Sokoman Minerals Corp. (CVE:SIC - ) rose 36.1% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares traded hands during mid-day trading, an increase of 1,049% from the average daily volume of 586,132 shares. The stock had previously closed at C$0.18.

Sokoman Minerals Stock Up 36.1%

The firm has a market cap of C$81.15 million, a price-to-earnings ratio of -17.52 and a beta of 2.79. The company has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.04.

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.

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