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

Sokoman Minerals Corp. (CVE:SICGet Free Report) shares shot up 50% during trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 2,972,304 shares traded hands during trading, an increase of 696% from the average session volume of 373,267 shares. The stock had previously closed at C$0.04.

Sokoman Minerals Stock Performance

The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company has a market cap of C$15.76 million, a P/E 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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