Iconic Minerals (CVE:ICM) Hits New 1-Year High – Time to Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.10, with a volume of 1847296 shares changing hands. The stock had previously closed at C$0.09.

Iconic Minerals Trading Down 4.5%

The business has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.07. The company has a current ratio of 0.83, a quick ratio of 0.05 and a debt-to-equity ratio of 145.42. The company has a market cap of C$16.33 million, a PE ratio of -10.50 and a beta of 1.25.

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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