Iconic Minerals (CVE:ICM) Trading Up 33.3% – Here’s Why

Iconic Minerals Ltd. (CVE:ICM)’s stock price was up 33.3% during trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 504,200 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 669,433 shares. The stock had previously closed at C$0.02.

Iconic Minerals Stock Up 33.3 %

The firm has a market cap of C$2.95 million, a price-to-earnings ratio of 0.14 and a beta of 1.26. The firm’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The company has a debt-to-equity ratio of 145.42, a current ratio of 0.83 and a quick ratio of 0.05.

About Iconic Minerals

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.