Iconic Minerals (CVE:ICM) Trading Up 11.8% – Time to Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) was up 11.8% during trading on Friday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 348,816 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,612,081 shares. The stock had previously closed at C$0.17.

Iconic Minerals Stock Performance

The firm has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.12. 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 firm has a market cap of C$37.10 million, a P/E ratio of -13.00 and a beta of 0.40.

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.

Further Reading

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