Sokoman Minerals (CVE:SIC) Stock Price Up 6.1% - Time to Buy?

Key Points

• Sokoman Minerals Corp. shares increased by 6.1% during mid-day trading, reaching a last traded price of C$0.26.
• The stock's trading volume surged to 3,643,347 shares, marking a 510% increase compared to its average session volume.
• Sokoman is focused on mineral exploration in Canada, particularly its gold projects located in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - ) shares traded up 6.1% during mid-day trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.26. 3,643,347 shares traded hands during mid-day trading, an increase of 510% from the average session volume of 597,463 shares. The stock had previously closed at C$0.25.

Sokoman Minerals Stock Performance

The business's 50-day moving average is C$0.06 and its 200-day moving average is C$0.05. The firm has a market cap of C$85.46 million, a price-to-earnings ratio of -18.45 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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