Shares of Iconic Minerals Ltd. (CVE:ICM – Get Free Report) shot up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 422,987 shares were traded during mid-day trading, an increase of 45% from the average session volume of 292,415 shares. The stock had previously closed at C$0.06.
Iconic Minerals Trading Up 16.7%
The company has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.06. 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 stock has a market capitalization of C$10.33 million, a PE ratio of -7.00 and a beta of 1.25.
About Iconic Minerals
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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