Sokoman Minerals (CVE:SIC) Trading Down 14.7% - Here's Why

Key Points

• Sokoman Minerals Corp. (CVE:SIC) saw its share price drop 14.7%, closing at C$0.22 after trading as low as C$0.20.
• The stock experienced a significant increase in trading volume, with approximately 3.4 million shares exchanged, up by 448% from its average daily volume.
• The company, focused on gold exploration in Newfoundland and Labrador, has a market cap of C$72.87 million and a P/E ratio of -15.73.

Sokoman Minerals Corp. (CVE:SIC - )'s share price dropped 14.7% on Friday . The stock traded as low as C$0.20 and last traded at C$0.22. Approximately 3,428,672 shares were traded during trading, an increase of 448% from the average daily volume of 625,622 shares. The stock had previously closed at C$0.26.

Sokoman Minerals Price Performance

The firm has a market cap of C$72.87 million, a P/E ratio of -15.73 and a beta of 2.79. The stock has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.05.

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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