Sokoman Minerals (CVE:SIC) Trading 6.1% Higher - Here's Why

Key Points

• Sokoman Minerals Corp. shares rose by 6.1% to C$0.26 during mid-day trading, reflecting a significant volume increase of 510% compared to its average trading volume.
• The company has a market cap of C$85.46 million, a negative P/E ratio of -18.45, and a beta of 2.79, indicating its stock is more volatile than the market.
• Sokoman Minerals is focused on mineral exploration in Canada, particularly in gold projects in Newfoundland and Labrador, with its flagship properties including the Moosehead and Fleur de Lys projects.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) traded up 6.1% during mid-day trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.26. 3,643,347 shares were traded during mid-day trading, an increase of 510% from the average session volume of 597,463 shares. The stock had previously closed at C$0.25.

Sokoman Minerals Stock Up 5.3%

The company has a market cap of C$85.46 million, a P/E ratio of -18.45 and a beta of 2.79. The company has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.05.

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.

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.