Iconic Minerals (CVE:ICM) Shares Up 23.5% – Here’s Why

Iconic Minerals Ltd. (CVE:ICM) was up 23.5% on Monday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 5,778,751 shares traded hands during trading, an increase of 1,423% from the average daily volume of 379,457 shares. The stock had previously closed at C$0.17.

Iconic Minerals Stock Up 23.5%

The company has a fifty day moving average price of C$0.10 and a 200-day moving average price of C$0.08. 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 firm has a market capitalization of C$32.66 million, a PE ratio of -13.00 and a beta of 1.59.

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.