Sokoman Minerals (CVE:SIC) Trading 36.1% Higher - Still a Buy?

Key Points

• Sokoman Minerals Corp. experienced a significant increase in share price, trading 36.1% higher to reach C$0.25 during mid-day trading on Thursday.
• The trading volume surged to 6,737,477 shares, which is an increase of 1,049% compared to the average session volume of 586,132 shares.
• With a market cap of C$82.81 million, Sokoman focuses primarily on exploring mineral properties in Canada, particularly its gold projects in Newfoundland and Labrador.

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 changed hands 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 Trading Up 2.0%

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

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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