Iconic Minerals (CVE:ICM) Shares Up 8.7% – What’s Next?

Iconic Minerals Ltd. (CVE:ICM) was up 8.7% during mid-day trading on Thursday . The company traded as high as C$0.14 and last traded at C$0.13. Approximately 606,434 shares traded hands during trading, a decline of 39% from the average daily volume of 995,878 shares. The stock had previously closed at C$0.12.

Iconic Minerals Stock Up 8.7%

The company has a debt-to-equity ratio of 145.42, a quick ratio of 0.05 and a current ratio of 0.83. The stock has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.13. The company has a market cap of C$23.19 million, a P/E ratio of -12.50 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.