Iconic Minerals (CVE:ICM) Trading 16.7% Higher

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Iconic Minerals Ltd (CVE:ICM)’s share price traded up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07, 138,000 shares traded hands during mid-day trading. An increase of 92% from the average session volume of 72,022 shares. The stock had previously closed at C$0.06.

The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 3,955.80. The firm has a market capitalization of $6.45 million and a PE ratio of -10.00. The firm’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.11.

Iconic Minerals Company Profile (CVE:ICM)

Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium properties in Nevada and Canada. It also explores for silver ores. The company holds a 100% interest in the Hercules project located in Lyon County; and 50% interests in the New Pass project located in Churchill County and Squaw creek property located to the north of Battle Mountain in Nevada.

Read More: Understanding the Price to Earnings Ratio (PE)

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