Sokoman Minerals (CVE:SIC) Trading Up 36.1% - What's Next?

Key Points

• Sokoman Minerals Corp. (CVE:SIC) shares surged by 36.1% during recent trading, reaching a price of C$0.25 after previously closing at C$0.18.
• Trading volume for Sokoman Minerals skyrocketed to approximately 6.74 million shares, a 1,049% increase compared to its average daily volume of 586,132 shares.
• The company's market capitalization stands at C$81.15 million, with a price-to-earnings ratio of -17.52, indicating the firm's current financial positioning in the exploration-stage market.

Shares of Sokoman Minerals Corp. (CVE:SIC - ) were up 36.1% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 6,737,477 shares traded 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 Stock Performance

The stock has a market capitalization of C$81.15 million, a price-to-earnings ratio of -17.52 and a beta of 2.79. The firm's fifty day simple moving average is C$0.05 and its 200 day simple moving average is 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.

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