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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. shares increased by 36.1% during mid-day trading on Thursday, reaching C$0.25 after trading 6,737,477 shares, a substantial rise in volume.
  • The company has a market capitalization of C$86.12 million and a PE ratio of -18.59, indicating it is in the exploration stage with growing activity.
  • Sokoman primarily focuses on gold project exploration in Newfoundland and Labrador, holding flagship projects like Moosehead and Fleur de Lys.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Sokoman Minerals Corp. (CVE:SIC - Get Free Report) rose 36.1% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares changed hands 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 6.1%

The firm has a market capitalization of C$86.12 million, a PE ratio of -18.59 and a beta of 2.79. The business has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.04.

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.

Further Reading

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