Iconic Minerals Ltd. (CVE:ICM – Get Free Report)’s stock price rose 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 943,500 shares were traded during mid-day trading, an increase of 415% from the average daily volume of 183,122 shares. The stock had previously closed at C$0.04.
Iconic Minerals Trading Up 37.5%
The business’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.02. 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 capitalization of C$8.11 million, a PE ratio of 0.39 and a beta of 1.26.
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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