Iconic Minerals (CVE:ICM) Trading Down 32.7% – Here’s What Happened
by Danessa Lincoln · The Markets DailyShares of Iconic Minerals Ltd. (CVE:ICM – Get Free Report) fell 32.7% during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.18. 4,258,308 shares changed hands during trading, an increase of 851% from the average session volume of 447,755 shares. The stock had previously closed at C$0.26.
Iconic Minerals Stock Down 36.5%
The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42. The company’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.09. The stock has a market capitalization of C$25.66 million, a PE ratio of -13.00 and a beta of 1.59.
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.