Sokoman Minerals (CVE:SIC) Trading Up 18.5% - What's Next?

Key Points

• Sokoman Minerals Corp.'s stock rose by 18.5% during mid-day trading, reaching C$0.16 after closing at C$0.14.
• Trading volume surged to approximately 2.7 million shares, an increase of 474% from the average daily volume.
• The company focuses on gold exploration in Newfoundland and Labrador, with flagship projects including Moosehead and Crippleback Lake.

Sokoman Minerals Corp. (CVE:SIC - )'s stock price was up 18.5% during mid-day trading on Friday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 2,701,442 shares were traded during mid-day trading, an increase of 474% from the average daily volume of 470,454 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Trading Up 22.2%

The firm has a market cap of C$54.66 million, a P/E ratio of -11.80 and a beta of 0.68. The stock has a 50 day simple moving average of C$0.04 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.

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.