Sokoman Minerals (CVE:SIC) Trading 36.1% Higher - Here's Why

Key Points

• Sokoman Minerals Corp. shares surged by 36.1% during mid-day trading on Thursday, reaching C$0.25 from a previous close of C$0.18.
• The trading volume increased dramatically to 6,737,477 shares, representing a 1,049% rise from the average session volume of 586,132 shares.
• Sokoman, focused on gold exploration in Newfoundland and Labrador, has a market capitalization of C$82.81 million and a price-to-earnings ratio of -17.88.

Sokoman Minerals Corp. (CVE:SIC - )'s share price shot up 36.1% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 6,737,477 shares were traded during mid-day trading, an increase of 1,049% from the average session volume of 586,132 shares. The stock had previously closed at C$0.18.

Sokoman Minerals Trading Up 2.0%

The firm has a market capitalization of C$82.81 million, a price-to-earnings ratio of -17.88 and a beta of 2.79. The firm's 50-day moving average is C$0.05 and its 200 day moving average is C$0.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.