Iconic Minerals (CVE:ICM) Trading Up 21.2% – What’s Next?

Iconic Minerals Ltd. (CVE:ICM) shares shot up 21.2% on Monday . The company traded as high as C$0.21 and last traded at C$0.20. 3,468,210 shares changed hands during trading, a decline of 13% from the average session volume of 3,978,489 shares. The stock had previously closed at C$0.17.

Iconic Minerals Stock Down 7.3%

The company’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.09. The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42. The firm has a market capitalization of C$29.55 million, a PE ratio of -13.00 and a beta of 1.45.

About Iconic Minerals

Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium properties in Nevada and Canada. The company holds a 50% interest in the Midas South located in Elko County, Nevada; and 50% interests in the New Pass project located in Churchill County, Nevada. It also holds a 100% interest in the Bonnie Claire property located in Nevada; and holds a 100% interest in the Grass Valley lithium property located in Lander County, Nevada. The company was formerly known as Bonaventure Enterprises Inc and changed its name to Iconic Minerals Ltd.