Shares of Iconic Minerals Ltd. (CVE:ICM – Get Free Report) dropped 16.7% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 101,969 shares traded hands during trading, a decline of 82% from the average daily volume of 570,153 shares. The stock had previously closed at C$0.06.
Iconic Minerals Trading Down 16.7%
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 business has a fifty day simple moving average of C$0.09 and a 200 day simple moving average of C$0.14. The company has a market cap of C$9.29 million, a price-to-earnings ratio of -5.00 and a beta of -0.31.
Iconic Minerals Company Profile
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.
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