Iconic Minerals (CVE:ICM) Shares Up 13.3% – What’s Next?

Iconic Minerals Ltd. (CVE:ICM) was up 13.3% during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 206,720 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 463,004 shares. The stock had previously closed at C$0.07.

Iconic Minerals Price Performance

The firm has a market capitalization of C$15.79 million, a PE ratio of -8.50 and a beta of -0.16. The business’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.09. The company has a quick ratio of 0.05, a current ratio of 0.83 and a debt-to-equity ratio of 145.42.

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.