Iconic Minerals (CVE:ICM) Trading Up 16.7% – Here’s What Happened

Iconic Minerals Ltd. (CVE:ICMGet Free Report) shot up 16.7% on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 422,987 shares changed hands during trading, an increase of 45% from the average session volume of 292,071 shares. The stock had previously closed at C$0.06.

Iconic Minerals Stock Up 16.7%

The company has a market capitalization of C$10.33 million, a P/E ratio of -7.00 and a beta of 1.25. 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 has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06.

About Iconic Minerals

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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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