Sokoman Minerals (CVE:SIC) Stock Price Up 50% – Should You Buy?

Sokoman Minerals Corp. (CVE:SIC)’s stock price was up 50% during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.06. Approximately 4,926,049 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of C$15.76 million, a P/E ratio of -5.50 and a beta of 1.76. The company’s 50 day simple moving average is C$0.04 and its two-hundred 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.