Sokoman Minerals (CVE:SIC) Trading Down 14.7% - Time to Sell?

Key Points

• Sokoman Minerals Corp. shares fell by 14.7% on Friday, trading as low as C$0.20 before closing at C$0.22.
• The trading volume increased significantly, with approximately 3.4 million shares changing hands, up 448% from the average daily volume.
• Sokoman Minerals is focused on exploring gold properties in Canada, including its flagship Moosehead and Fleur de Lys projects.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) were down 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 mid-day 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 fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05. The stock has a market capitalization of C$72.87 million, a P/E ratio of -15.73 and a beta of 2.79.

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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