Sokoman Minerals (CVE:SIC) Trading 50% Higher – Here’s Why

Sokoman Minerals Corp. (CVE:SICGet Free Report)’s stock price shot up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.06. 4,926,049 shares changed hands during trading, an increase of 861% from the average session volume of 512,820 shares. The stock had previously closed at C$0.04.

Sokoman Minerals Price Performance

The business has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The firm has a market cap of C$15.76 million, a PE ratio of -5.50 and a beta of 1.76.

Sokoman Minerals Company Profile

(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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