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Sokoman Minerals Corp
(SIC)
Sokoman Minerals Corp (SIC) vs. iShares MSCI Canada ETF (EWC)
Sokoman Minerals Corp Business Overview & Revenue Model
Sokoman Minerals Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -562.00 | -65.51K | -784.00 | -976.00 | -548.00 | -574.00 | EBIT |
| -3.86M | -5.21M | -9.92M | -12.08M | -3.94M | -2.31M | EBITDA |
| -3.81M | -805.00K | -9.86M | -12.01M | -3.80M | -2.47M | Net Income Common Stockholders |
| -4.70M | -1.04M | -9.94M | -12.27M | -3.77M | -2.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.95M | 3.03M | 5.02M | 10.51M | 15.69M | 2.76M | Total Assets |
| 7.04M | 8.06M | 6.70M | 12.52M | 17.00M | 3.59M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.50M | -2.53M | -4.89M | -10.34M | -15.40M | -2.71M | Total Liabilities |
| 222.52K | 264.29K | 1.42M | 1.66M | 646.15K | 179.87K | Stockholders Equity |
| 6.82M | 7.79M | 5.28M | 10.86M | 16.36M | 3.41M |
| Cash Flow | Free Cash Flow | ||||
| -3.61M | -5.92M | -9.45M | -10.33M | -3.62M | -1.86M | Operating Cash Flow |
| -3.61M | -5.92M | -9.41M | -10.01M | -3.12M | -1.84M | Investing Cash Flow |
| 27.23K | 30.39K | 20.12K | -231.05K | -493.47K | -16.29K | Financing Cash Flow |
| 1.43M | 3.52M | 3.94M | 5.19M | 16.30M | 2.01M |
Sokoman Minerals Corp Technical Analysis
Sokoman Minerals Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | C$20.41M | ― | -14.83% | ― | ― | 38.07% | |
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
45 Neutral | C$12.57M | ― | -8.24% | ― | ― | 42.86% | |
44 Neutral | C$13.44M | ― | -65.07% | ― | ― | -136.36% | |
41 Neutral | C$12.64M | ― | -3995.40% | ― | ― | 3.72% | |
38 Underperform | C$20.64M | ― | -1.28% | ― | ― | -300.00% | |
34 Underperform | C$13.50M | 23.81 | -54.27% | ― | ― | -51.30% |
Sokoman Minerals Corp Corporate Events
Sokoman Minerals Corp has announced an update on its Moosehead Gold Project in central Newfoundland, focusing on the extraction of two bulk samples in 2025. The first sample, scheduled for late May or early June, will provide crucial insights into the project’s metallurgy and gold recoveries, marking a significant milestone in its development. The company is in discussions for processing the samples and expects a contract from Novamera Inc. for a second sample later in the year, indicating ongoing progress and strategic planning in their operations.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp faces significant financial and operational challenges, marked by substantial losses and negative cash flow. Despite a strong balance sheet and recent strategic initiatives, the company struggles with low technical momentum and a negative valuation. The stock score reflects these risks, with some potential upside from strategic corporate events.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. has filed for conditional approval with the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private-placement financing. The company has closed the first tranche, issuing 6,000,000 common shares for CAD$300,000. The proceeds will be used for Canadian exploration expenses on Sokoman’s projects, with final approval pending from the Exchange. This financing move is set to bolster Sokoman’s exploration activities and strengthen its position in the gold exploration industry.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp faces significant financial and operational challenges, marked by substantial losses and negative cash flow. Despite a strong balance sheet and recent strategic initiatives, the company struggles with low technical momentum and a negative valuation. The stock score reflects these risks, with some potential upside from strategic corporate events.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. has completed the spin-out of approximately half of its shares in Vinland Lithium Inc. Shareholders with at least 8,000 Sokoman shares will receive Vinland shares, effective May 7, 2025. The spin-out involves 2,025,126 common shares of Vinland, with Sokoman retaining 2,000,000 shares. While Vinland shares are not immediately listed on the Exchange, Sokoman’s new common shares will be listed on May 6, 2025. This strategic move is part of Sokoman’s broader efforts to enhance its market positioning and provide value to its stakeholders.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp’s stock score is heavily influenced by its weak financial performance, characterized by significant losses and negative cash flow. Despite a strong balance sheet with no debt, the ongoing operational challenges pose substantial risks. Technical analysis shows a lack of clear momentum, and valuation metrics are negative, making the stock less appealing. However, recent corporate events provide some strategic optimism, slightly offsetting financial concerns.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. announced a non-brokered private placement of flow-through shares to raise up to CAD$400,000, expected to close by May 7, 2025. The proceeds will fund exploration projects, enhancing the company’s potential to discover significant mineral deposits, particularly in gold, thereby strengthening its position in the emerging gold district of Newfoundland and Labrador.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp’s overall stock score is heavily impacted by its weak financial performance, characterized by ongoing losses and negative cash flow. While technical indicators show some positive momentum, they are offset by a concerning valuation with a negative P/E ratio. However, recent corporate events, such as the spin-out of Vinland Lithium shares, indicate potential strategic improvements.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. has completed the spin-out of approximately half of its shares in Vinland Lithium Inc., distributing 2,025,126 common shares to its shareholders while retaining 2,000,000 shares. The spin-out results in the listing of new Sokoman shares on the TSX Venture Exchange, while Vinland shares await separate listing approval. This strategic move aims to enhance Sokoman’s operational focus and market positioning, potentially benefiting stakeholders by concentrating on its core gold projects and expanding its lithium ventures.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp’s overall stock score is heavily impacted by its weak financial performance, characterized by ongoing losses and negative cash flow. While technical indicators show some positive momentum, they are offset by a concerning valuation with a negative P/E ratio. However, recent corporate events, such as the spin-out of Vinland Lithium shares, indicate potential strategic improvements.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. has announced the approval of a spin-out of approximately 2 million shares of Vinland Lithium Inc. to its shareholders, following a similar move by Benton Resources Inc. This reorganization aims to facilitate the listing of Vinland shares on the TSX Venture Exchange. The spin-out is expected to enhance shareholder value by providing exposure to the Killick Lithium Project, which holds significant discovery potential in a newly discovered lithium belt. Piedmont Lithium Inc., a major player in North America’s lithium industry, has invested in Vinland and holds an option to increase its stake in the Killick project, potentially impacting Sokoman’s strategic positioning in the lithium market.
Spark’s Take on TSE:SIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIC is a Underperform.
Sokoman Minerals Corp faces substantial financial challenges with ongoing losses and negative cash flow, posing significant risks. While technical indicators are mixed, recent corporate events suggest potential improvements. However, the negative valuation metrics and absence of dividends make the stock less appealing to conservative investors.
To see Spark’s full report on TSE:SIC stock, click here.
Sokoman Minerals Corp. announced a stock option grant for 2,650,000 common shares to its officers, directors, employees, and consultants, subject to TSX Venture Exchange approval. All resolutions, including the Company’s Plan of Arrangement, were passed at the recent Annual General and Special Meeting. The stock option grant and successful meeting resolutions are expected to strengthen Sokoman’s operational capabilities and strategic positioning in the gold exploration industry.
Sokoman Minerals Corp. announced its participation in the PDAC 2025 Convention, a leading event in the mineral exploration industry. The company aims to showcase its progress and potential in Newfoundland, inviting attendees to engage with its management team. This participation highlights Sokoman’s efforts to strengthen its industry presence and explore new opportunities for its gold projects.
Sokoman Minerals Corp has announced the rescheduling and amendment of its shareholder meeting materials due to a Canada Post strike. The meeting, now set for March 21, 2025, in Vancouver, will involve a vote on a special resolution to reorganize share capital, allowing for a spin-out of 2 million shares of Vinland Lithium Inc. to shareholders. This move is part of a broader strategy to enhance shareholder value and leverage the promising potential of the Killick Lithium Project, which has significant backing from industry leader Piedmont Lithium Inc. The spin-outs are expected to strengthen Sokoman’s market position in the lithium sector and offer a structured investment opportunity for stakeholders.
Sokoman Minerals Corp announced significant high-grade gold findings from the Western Trend of its Moosehead Gold Project. The ongoing drilling has revealed promising results, with plans to expand exploration and potentially conduct a bulk sample in early 2025. These developments reinforce the project’s potential, possibly impacting the company’s market position and offering new opportunities for stakeholders.