Iconic Minerals (CVE:ICM) Trading 16.7% Higher – Should You Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shares were up 16.7% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 422,987 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 292,415 shares. The stock had previously closed at C$0.06.

Iconic Minerals Price Performance

The firm has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.06. The stock has a market cap of C$10.33 million, a P/E ratio of -7.00 and a beta of 1.25. The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42.

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.

See Also

Receive News & Ratings for Iconic Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconic Minerals and related companies with MarketBeat.com's FREE daily email newsletter.