Iconic Minerals (CVE:ICM) Reaches New 12-Month High – What’s Next?

Iconic Minerals Ltd. (CVE:ICM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.16, with a volume of 854690 shares traded. The stock had previously closed at C$0.15.

Iconic Minerals Trading Up 10.0%

The business’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.08. The company has a market cap of C$25.66 million, a P/E ratio of -13.00 and a beta of 1.59. The company has a debt-to-equity ratio of 145.42, a quick ratio of 0.05 and a current ratio of 0.83.

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.