Iconic Minerals (CVE:ICM) Stock Price Up 33.3% – Still a Buy?

Iconic Minerals Ltd. (CVE:ICM) shares traded up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 451,200 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 651,767 shares. The stock had previously closed at C$0.02.

Iconic Minerals Stock Up 33.3 %

The stock has a market cap of C$2.95 million, a P/E ratio of 0.14 and a beta of 1.26. The company has a current ratio of 0.83, a quick ratio of 0.05 and a debt-to-equity ratio of 145.42. The stock’s 50-day moving average is C$0.01 and its 200-day moving average is C$0.01.

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.