Iconic Minerals (CVE:ICM) Trading 20.6% Higher – What’s Next?

Iconic Minerals Ltd. (CVE:ICM)’s share price traded up 20.6% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.21. 4,354,235 shares were traded during trading, an increase of 1,072% from the average session volume of 371,364 shares. The stock had previously closed at C$0.17.

Iconic Minerals Trading Up 23.5%

The company’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.08. 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 stock has a market cap of C$32.66 million, a price-to-earnings ratio of -13.00 and a beta of 1.59.

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.