Iconic Minerals (CVE:ICM) Shares Down 20% – Here’s Why
by Scott Moore · The Cerbat GemIconic Minerals Ltd. (CVE:ICM – Get Free Report)’s stock price dropped 20% on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 380,801 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 303,026 shares. The stock had previously closed at C$0.08.
Iconic Minerals Trading Down 20.0%
The firm has a market cap of C$8.85 million, a PE ratio of -6.00 and a beta of 1.25. 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 stock has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06.
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.
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