Iconic Minerals (CVE:ICM) Trading Down 13% – Here’s What Happened

Iconic Minerals Ltd. (CVE:ICM)’s share price fell 13% on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. 216,220 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,103,912 shares. The stock had previously closed at C$0.12.

Iconic Minerals Price Performance

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$0.20 and a 200-day simple moving average of C$0.13. The stock has a market cap of C$19.48 million, a price-to-earnings ratio of -10.50 and a beta of -0.46.

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.