Iconic Minerals (CVE:ICM) Trading 33.3% Higher – Still a Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shares traded up 33.3% on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 451,200 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 651,767 shares. The stock had previously closed at C$0.02.

Iconic Minerals Price Performance

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 firm has a market cap of C$2.95 million, a P/E ratio of 0.14 and a beta of 1.26. The firm’s 50-day moving average price is C$0.01 and its 200 day moving average price is C$0.01.

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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