Iconic Minerals Ltd. (CVE:ICM – Get Free Report) was down 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 125,210 shares were traded during trading, a decline of 81% from the average daily volume of 656,024 shares. The stock had previously closed at C$0.09.
Iconic Minerals Stock Down 11.1%
The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42. The stock has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.14. The firm has a market capitalization of C$14.86 million, a price-to-earnings ratio of -8.00 and a beta of 0.01.
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. 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.
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