Iconic Minerals (CVE:ICM) Stock Price Down 10% – Here’s Why
by Teresa Graham · The Cerbat GemIconic Minerals Ltd. (CVE:ICM – Get Free Report) shares were down 10% during trading on Tuesday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 1,841,648 shares traded hands during trading, a decline of 6% from the average daily volume of 1,952,273 shares. The stock had previously closed at C$0.30.
Iconic Minerals Stock Down 13.3%
The company has a market cap of C$40.43 million, a P/E ratio of -13.00 and a beta of 1.45. 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 fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.10.
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.