Iconic Minerals (CVE:ICM) Trading Up 23.3% – Here’s What Happened

Shares of Iconic Minerals Ltd. (CVE:ICM) rose 23.3% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.27. Approximately 8,758,871 shares were traded during trading, an increase of 1,961% from the average daily volume of 425,024 shares. The stock had previously closed at C$0.22.

Iconic Minerals Stock Performance

The company has a market capitalization of C$41.99 million, a price-to-earnings ratio of -13.00 and a beta of 1.59. The company has a debt-to-equity ratio of 145.42, a current ratio of 0.83 and a quick ratio of 0.05. The stock has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.08.

Iconic Minerals Company Profile

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.