Iconic Minerals (CVE:ICM) Stock Price Up 11.5% – Here’s What Happened

by · The Cerbat Gem

Iconic Minerals Ltd. (CVE:ICM – Get Free Report)’s share price rose 11.5% during trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.15. Approximately 1,715,329 shares were traded during trading, an increase of 445% from the average daily volume of 314,564 shares. The stock had previously closed at C$0.13.

Iconic Minerals Stock Up 11.5%

The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.07. 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 company has a market cap of C$22.55 million, a price-to-earnings ratio of -13.00 and a beta of 1.59.

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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