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

Sokoman Minerals Corp. (CVE:SIC) rose 50% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 2,973,304 shares traded hands during trading, an increase of 696% from the average daily volume of 373,338 shares. The stock had previously closed at C$0.04.

Sokoman Minerals Stock Down 8.3 %

The company has a market cap of C$15.76 million, a price-to-earnings ratio of -5.50 and a beta of 1.76. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of 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.