Sokoman Minerals (CVE:SIC) Trading 36.1% Higher - Time to Buy?

Key Points

• Sokoman Minerals Corp. shares surged by 36.1%, reaching a price of C$0.25, significantly higher than its previous close of C$0.18.
• The trading volume increased dramatically, with 6.7 million shares changing hands, a rise of 1,049% from the average session volume.
• Sokoman Minerals is focused on the exploration of mineral properties, particularly gold projects, in Newfoundland and Labrador, including its flagship Moosehead project.

Sokoman Minerals Corp. (CVE:SIC - ) shares traded up 36.1% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 6,737,477 shares traded hands 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 Stock Performance

The company has a market cap of C$81.15 million, a PE ratio of -17.52 and a beta of 2.79. The firm has a fifty day simple moving average of C$0.05 and a 200 day simple moving average 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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