Iconic Minerals (CVE:ICM) Trading Down 36.5% – Should You Sell?
by Tristan Rich · The Markets DailyIconic Minerals Ltd. (CVE:ICM – Get Free Report)’s share price was down 36.5% during mid-day trading on Friday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 5,541,955 shares changed hands during trading, an increase of 1,138% from the average daily volume of 447,755 shares. The stock had previously closed at C$0.26.
More Iconic Minerals News
Here are the key news stories impacting Iconic Minerals this week:
- Neutral Sentiment: Coverage is dominated by reactive market stories that repeat the intraday selloff without new operational or financial disclosures from Iconic — the move appears driven more by trading/flow and headlines than by a company announcement. Iconic Minerals (CVE:ICM) Trading Down 30.8% – What’s Next?
- Negative Sentiment: Report of public insider selling at Iconic Minerals — insider sales can increase available supply, reduce investor confidence, and often trigger or accelerate price declines. Public market insider selling at Iconic Minerals (ICM)
- Negative Sentiment: Multiple financial-news articles are framing the drop with “Should you sell?”/“Here’s why” headlines — such coverage can amplify fear, prompt momentum selling, and pressure a low‑liquidity microcap further. Representative pieces: Iconic Minerals (CVE:ICM) Shares Down 36.5% – Should You Sell? Iconic Minerals (CVE:ICM) Shares Down 36.5% – Here’s What Happened Iconic Minerals (CVE:ICM) Stock Price Down 30.8% – Time to Sell?
Iconic Minerals Stock Performance
The stock’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.09. 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 company has a market cap of C$25.66 million, a P/E ratio of -13.00 and a beta of 1.59.
Iconic Minerals Company Profile
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.