Iconic Minerals (CVE:ICM) Reaches New 1-Year Low – What’s Next?

Iconic Minerals Ltd. (CVE:ICM) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 19991 shares changing hands. The stock had previously closed at C$0.05.

Iconic Minerals Price Performance

The stock has a market capitalization of C$9.29 million, a P/E ratio of -5.00 and a beta of -0.31. 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 business’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is 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.