Iconic Minerals (CVE:ICM) Trading 13.5% Higher – What’s Next?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shares shot up 13.5% during trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.21. 460,159 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,687,661 shares. The stock had previously closed at C$0.19.

Iconic Minerals Trading Up 10.8%

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 business’s fifty day moving average is C$0.19 and its 200-day moving average is C$0.11. The stock has a market capitalization of C$38.03 million, a PE ratio of -13.00 and a beta of 1.45.

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. 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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