Iconic Minerals (CVE:ICM) Trading Down 6.3% – Should You Sell?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shares were down 6.3% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 344,697 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 339,106 shares. The stock had previously closed at C$0.16.

Iconic Minerals Trading Down 3.1%

The company has a debt-to-equity ratio of 145.42, a quick ratio of 0.05 and a current ratio of 0.83. The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.07. The firm has a market cap of C$24.10 million, a price-to-earnings ratio of -13.00 and a beta of 1.59.

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.

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