Iconic Minerals (CVE:ICM) Shares Up 4.2% – Time to Buy?

by · The Cerbat Gem

Iconic Minerals Ltd. (CVE:ICM – Get Free Report)’s stock price was up 4.2% during mid-day trading on Friday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 393,687 shares traded hands during trading, an increase of 29% from the average daily volume of 304,452 shares. The stock had previously closed at C$0.12.

Iconic Minerals Price Performance

The company’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.07. 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 firm has a market cap of C$19.44 million, a price-to-earnings ratio of -12.50 and a beta of 1.25.

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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