Iconic Minerals Ltd. (CVE:ICM – Get Free Report) shares rose 25% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 1,042,115 shares changed hands during trading, an increase of 400% from the average daily volume of 208,473 shares. The stock had previously closed at C$0.04.
Iconic Minerals Trading Up 25.0%
The stock has a market cap of C$7.38 million, a price-to-earnings ratio of 0.36 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 business has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.03.
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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