Iconic Minerals (CVE:ICM) Trading Up 14.7% – What’s Next?

Iconic Minerals Ltd. (CVE:ICMGet Free Report)’s stock price shot up 14.7% on Friday . The stock traded as high as C$0.20 and last traded at C$0.20. 389,816 shares traded hands during trading, a decline of 76% from the average session volume of 1,612,197 shares. The stock had previously closed at C$0.17.

Iconic Minerals Price Performance

The stock’s 50-day moving average is C$0.20 and its 200 day moving average is C$0.12. The company has a debt-to-equity ratio of 145.42, a quick ratio of 0.05 and a current ratio of 0.83. The stock has a market capitalization of C$36.17 million, a PE ratio of -13.00 and a beta of 0.40.

About Iconic Minerals

(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. 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.

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