Iconic Minerals (CVE:ICM) Stock Price Up 13.5% – Time to Buy?
by Sarita Garza · The Markets DailyIconic Minerals Ltd. (CVE:ICM – Get Free Report)’s stock price rose 13.5% on Wednesday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 460,159 shares traded hands during trading, a decline of 73% from the average daily volume of 1,687,661 shares. The stock had previously closed at C$0.19.
Iconic Minerals Stock Performance
The stock’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.11. The company has a market capitalization of C$38.03 million, a PE ratio of -13.00 and a beta of 1.45. The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42.
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. 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.