Sokoman Minerals (CVE:SIC) Stock Price Up 50% – Here’s Why

Sokoman Minerals Corp. (CVE:SICGet Free Report)’s share price traded up 50% during mid-day trading on Wednesday . The company traded as high as C$0.07 and last traded at C$0.06. 4,926,049 shares were traded during mid-day 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 Stock Performance

The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04. The firm has a market cap of C$15.76 million, a price-to-earnings ratio of -5.50 and a beta of 1.76.

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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