Iconic Minerals (CVE:ICM) Shares Up 9.1% – Should You Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report)’s stock price rose 9.1% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 491,000 shares were traded during trading, an increase of 157% from the average daily volume of 191,404 shares. The stock had previously closed at C$0.06.

Iconic Minerals Trading Up 18.2%

The firm has a market cap of C$9.59 million, a PE ratio of 0.46 and a beta of 1.26. 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 company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.02.

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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