Sokoman Minerals (CVE:SIC) Stock Price Up 36.1% - What's Next?

Key Points

• Sokoman Minerals Corp. shares surged by 36.1% on Thursday, reaching a trading high of C$0.25, with a trading volume increasing by 1,049% compared to the average.
• The company, focused on mineral exploration in Canada, has a market capitalization of C$86.12 million and operates key gold projects in Newfoundland and Labrador.
• Sokoman Minerals has a price-to-earnings ratio of -18.59 and a beta of 2.79, indicating significant volatility in its stock price.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) rose 36.1% on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares changed 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 Trading Up 6.1%

The firm has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$86.12 million, a price-to-earnings ratio of -18.59 and a beta of 2.79.

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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