Iconic Minerals (CVE:ICM) Stock Price Down 7.4% – Time to Sell?

Shares of Iconic Minerals Ltd. (CVE:ICM) were down 7.4% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 411,135 shares changed hands during trading, a decline of 70% from the average daily volume of 1,389,556 shares. The stock had previously closed at C$0.14.

Iconic Minerals Price Performance

The firm has a market capitalization of C$23.19 million, a price-to-earnings ratio of -12.50 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.05 and a debt-to-equity ratio of 145.42. The business has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.12.

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.