Sokoman Minerals (CVE:SIC) Stock Price Up 5% - Here's What Happened

Key Points

• Sokoman Minerals Corp. shares rose by 5% during mid-day trading, reaching a high of C$0.22 before closing at C$0.21.
• The company saw a significant increase in trading volume, with approximately 808,270 shares exchanged, which is a 24% increase from its average daily volume.
• Sokoman Minerals, focusing on gold exploration in Newfoundland and Labrador, has flagship projects including Moosehead and Crippleback Lake.

Sokoman Minerals Corp. (CVE:SIC - ) shares were up 5% during mid-day trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 808,270 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 651,175 shares. The stock had previously closed at C$0.20.

Sokoman Minerals Stock Up 5.0%

The company has a market cap of C$69.56 million, a PE ratio of -15.02 and a beta of 2.79. The business's fifty day moving average is C$0.10 and its 200-day moving average is C$0.06.

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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