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Sokoman Minerals (CVE:SIC) Trading Up 29.6% - Here's What Happened

Sokoman Minerals logo with Basic Materials background

Key Points

  • Sokoman Minerals Corp. saw a significant increase in stock price, trading up 29.6% to C$0.18 with over 5.8 million shares exchanged, a notable rise from its average daily volume.
  • The company has a market cap of C$54.66 million and is focused on exploration-stage mining, particularly its gold projects in Newfoundland and Labrador.
  • Sokoman has several key projects, including the Moosehead and Crippleback Lake projects, contributing to its exploration efforts in the region.
  • Five stocks we like better than Sokoman Minerals.

Sokoman Minerals Corp. (CVE:SIC - Get Free Report) was up 29.6% during trading on Friday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 5,888,169 shares traded hands during trading, an increase of 1,097% from the average daily volume of 492,069 shares. The stock had previously closed at C$0.14.

Sokoman Minerals Trading Up 22.2%

The business has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The stock has a market cap of C$54.66 million, a PE ratio of -11.80 and a beta of 0.68.

About Sokoman Minerals

(Get Free Report)

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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