Iconic Minerals Ltd. (CVE:ICM – Get Free Report)’s share price dropped 15.4% on Thursday. The company traded as low as C$0.06 and last traded at C$0.06. 278,446 shares were traded during trading, a decline of 31% from the average session volume of 405,744 shares. The stock had previously closed at C$0.07.
Iconic Minerals Trading Down 15.4%
The firm has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.07. The company has a debt-to-equity ratio of 145.42, a quick ratio of 0.05 and a current ratio of 0.83. The stock has a market capitalization of C$10.22 million, a price-to-earnings ratio of -5.50 and a beta of 0.00.
Iconic Minerals Company Profile
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.
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