Iconic Minerals (CVE:ICM) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

Iconic Minerals Ltd. (CVE:ICM – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$0.16 and last traded at C$0.16, with a volume of 1187691 shares trading hands. The stock had previously closed at C$0.15.

Iconic Minerals Stock Performance

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 stock has a market cap of C$24.88 million, a P/E ratio of -13.00 and a beta of 1.59. The firm’s 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.07.

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.

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