Sokoman Minerals (CVE:SIC) Stock Price Up 36.1% - Time to Buy?

Key Points

• Sokoman Minerals Corp. shares experienced a significant increase of 36.1% during mid-day trading, reaching C$0.25.
• Trading volume surged to approximately 6.74 million shares, a rise of 1,049% from the average daily volume.
• The company focuses on the exploration of mineral properties, particularly gold projects, in Newfoundland and Labrador, Canada.

Sokoman Minerals Corp. (CVE:SIC - ) shares rose 36.1% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 6,736,977 shares changed hands during mid-day trading, an increase of 1,049% from the average daily volume of 586,127 shares. The stock had previously closed at C$0.18.

Sokoman Minerals Stock Performance

The company has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.04. The stock has a market cap of C$81.15 million, a P/E ratio of -17.52 and a beta of 2.79.

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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