Iconic Minerals (CVE:ICM) Trading 33.3% Higher – Should You Buy?

Iconic Minerals Ltd. (CVE:ICM – Get Free Report) shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 504,200 shares were traded during trading, a decline of 25% from the average session volume of 669,433 shares. The stock had previously closed at C$0.02.

Iconic Minerals Stock Performance

The firm has a market capitalization of C$2.95 million, a PE ratio of 0.14 and a beta of 1.26. The stock has a 50-day moving average price of C$0.01 and a 200-day moving average price of 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.

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.

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