Iconic Minerals (CVE:ICM) Sets New 1-Year High – Still a Buy?

Iconic Minerals Ltd. (CVE:ICMGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$0.03 and last traded at C$0.04, with a volume of 995200 shares. The stock had previously closed at C$0.02.

Iconic Minerals Trading Up 166.7 %

The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01. 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 company has a market capitalization of C$5.90 million, a price-to-earnings ratio of 0.29 and a beta of 1.26.

Iconic Minerals Company Profile

(Get Free Report)

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.

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