Sokoman Minerals (CVE:SIC) Trading 29.6% Higher - Here's Why

Key Points

• Sokoman Minerals Corp. (CVE:SIC) experienced a significant share price increase of 29.6%, trading as high as C$0.18 after closing at C$0.14.
• The trading volume surged to 5,888,169 shares, marking an increase of 1,097% compared to its average session volume.
• Sokoman focuses on mineral exploration in Canada, particularly in gold projects within Newfoundland and Labrador, including its flagship Moosehead project.

Sokoman Minerals Corp. (CVE:SIC - )'s share price traded up 29.6% during mid-day trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. 5,888,169 shares traded hands during trading, an increase of 1,097% from the average session volume of 492,069 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Price Performance

The company's fifty day moving average is C$0.04 and its 200-day moving average is C$0.04. The stock has a market cap of C$54.66 million, a PE ratio of -11.80 and a beta of 0.68.

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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