Sokoman Minerals (CVE:SIC) Trading 50% Higher – Still a Buy?

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

Sokoman Minerals Stock Down 8.3 %

The firm has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The stock 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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