Sokoman Minerals (CVE:SIC) Trading Up 36.1% - Time to Buy?

Key Points

• Sokoman Minerals Corp. shares surged 36.1% during mid-day trading, reaching a high of C$0.25 from a previous close of C$0.18.
• Approximately 6.7 million shares exchanged hands, marking an increase of 1,049% in trading volume compared to the average daily volume.
• The company's market capitalization is C$82.81 million, and it primarily focuses on gold exploration in Newfoundland and Labrador.

Sokoman Minerals Corp. (CVE:SIC - ) shares rose 36.1% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares changed hands during trading, an increase of 1,049% from the average daily volume of 586,132 shares. The stock had previously closed at C$0.18.

Sokoman Minerals Price Performance

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 business's 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.04.

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.

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