Iconic Minerals (CVE:ICM) Sets New 1-Year Low – Here’s What Happened

Iconic Minerals Ltd. (CVE:ICM)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 304379 shares changing hands. The stock had previously closed at C$0.06.

Iconic Minerals Trading Down 10.0%

The company’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.12. 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 firm has a market cap of C$8.36 million, a P/E ratio of -4.50 and a beta of -0.31.

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.