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Sokoman Minerals (CVE:SIC) Stock Price Up 36.1% - Should You Buy?

Sokoman Minerals logo with Basic Materials background

Key Points

  • Sokoman Minerals Corp. experienced a significant stock price increase of 36.1% during trading, reaching C$0.25, with trading volume up 1,049% compared to its average.
  • The company has a market capitalization of C$81.15 million and operates primarily in gold exploration projects located in Newfoundland and Labrador.
  • Sokoman's price-to-earnings ratio stands at -17.52, indicating potential volatility and investment risk due to its exploration-stage status.
  • MarketBeat previews top five stocks to own in November.

Shares of Sokoman Minerals Corp. (CVE:SIC - Get Free Report) rose 36.1% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares were traded during 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 Trading Up 36.1%

The firm's 50-day moving average is C$0.05 and its 200-day moving average is C$0.04. 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.

Sokoman Minerals Company Profile

(Get Free Report)

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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