Share Price Rebounding Since Since hitting an interday low of $0.27 at the begining of December the share price reversed to an upward trend to where at year end it closed at $0.345.
The lows around $0.29 over six trading days at the begining of December was an opportunity to buy shares at slightly more than the $0.26/shares Eric Sprott spent for millions of Sokoman shares.
Reversal of the downward drift in share price from summer highs averaging around $.046/share actually started to take place starting in mid-September.
Reports started coming out of high grade gold at Grey River, high grade lithium at Golden Hope, additional high-grade gold mineralization at both the Lower Eastern Trend and in the 75 Zone, till sampling at Fleur de Lys returning high grain counts and pristine grain counts. During that period into the begining of December the share price made three reveral attempts.
Significantly what is notable is that over that period the Moving Average Convergence Divergence (MACD) line kept climing indicating that an upward trend has been underway since mid-September all be it with gyrations.
Since President & CEO Tim Froude did a presentation on VirtualInvestorConferences.com on December 9th, 2021 showing visible gold in drill cores from barge drilling at Moosehead, mentioning pending assays are to be released in January, and that a spin out of the lithium deposit is under cosideeration, the share price has been rebounding in anticipation of release of those drill results that have a high probability of returning high grade intercepts base on visible gold in the drill cores, Tim Froudes characterization of those cores, and shallow high grade intercepts that have previously reported.
See share price chart below: