Iconic Minerals (CVE:ICM) Trading Up 16.7% – What’s Next?

Shares of Iconic Minerals Ltd. (CVE:ICMGet Free Report) were up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 357,987 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 291,013 shares. The stock had previously closed at C$0.06.

Iconic Minerals Price Performance

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’s fifty day moving average price is C$0.07 and its 200 day moving average price is C$0.06. The company has a market capitalization of C$10.33 million, a P/E ratio of -7.00 and a beta of 1.25.

Iconic Minerals Company Profile

(Get Free Report)

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.

Further Reading

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