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

Sokoman Minerals Corp. (CVE:SIC) shares shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.06. 4,926,049 shares traded hands 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 has a market cap of C$15.76 million, a PE ratio of -5.50 and a beta of 1.76. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is 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.