Iconic Minerals (CVE:ICM) Trading 25% Higher – Still a Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report) traded up 25% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 1,042,115 shares traded hands during mid-day trading, an increase of 400% from the average session 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 capitalization of C$7.38 million, a PE ratio of 0.36 and a beta of 1.26. The firm has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.03. The company has a current ratio of 0.83, a quick ratio of 0.05 and a debt-to-equity ratio of 145.42.

About Iconic Minerals

(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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