Iconic Minerals (CVE:ICM) Stock Price Down 20% – Here’s What Happened

Iconic Minerals Ltd. (CVE:ICM)’s stock price fell 20% on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. 380,801 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 303,026 shares. The stock had previously closed at C$0.08.

Iconic Minerals Stock Performance

The company has a market capitalization of C$9.59 million, a P/E ratio of -6.50 and a beta of 1.25. The company’s 50 day moving average is C$0.07 and its 200-day moving average is C$0.06. The company has a current ratio of 0.83, a quick ratio of 0.05 and a debt-to-equity ratio of 145.42.

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.