Iconic Minerals (CVE:ICM) Shares Down 30.8% – Here’s Why
by Danessa Lincoln · The Markets DailyIconic Minerals Ltd. (CVE:ICM – Get Free Report)’s share price was down 30.8% on Friday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 2,018,039 shares traded hands during trading, an increase of 351% from the average daily volume of 447,755 shares. The stock had previously closed at C$0.26.
Iconic Minerals Stock Performance
The firm has a 50 day moving average price of C$0.11 and a 200-day moving average price of C$0.09. The firm has a market capitalization of C$29.55 million, a price-to-earnings ratio of -13.00 and a beta of 1.59. The company has a debt-to-equity ratio of 145.42, a current ratio of 0.83 and a quick ratio of 0.05.
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.