Sokoman Minerals (CVE:SIC) Trading 36.1% Higher - Should You Buy?

Key Points

• Sokoman Minerals Corp. experienced a significant stock increase of 36.1% on Wednesday, trading at C$0.25.
• The trading volume surged to 6.73 million shares, indicating a 1,049% increase from the average volume.
• The company focuses on gold exploration in Newfoundland and Labrador, owning key projects including Moosehead and Fleur de Lys.

Sokoman Minerals Corp. (CVE:SIC - ) traded up 36.1% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. 6,737,477 shares were traded during 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 Stock Up 36.1%

The company has a market cap of C$81.15 million, a P/E ratio of -17.52 and a beta of 2.79. The stock has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of 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.

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