Iconic Minerals Ltd Can’t Burn Your Short Portfolio. Has Another Weak Session


The stock of Iconic Minerals Ltd (CVE:ICM) is a huge mover today! The stock decreased 8.33% or $0.025 on September 13, hitting $0.275. About 37,754 shares traded hands. Iconic Minerals Ltd (CVE:ICM) has risen 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $17.96 million company. It was reported on Sep, 14 by Barchart.com. We have $0.25 PT which if reached, will make CVE:ICM worth $1.80M less.

Iconic Minerals Ltd. is a mineral exploration company, which is engaged in acquisition and exploration of gold and lithium properties in Nevada, and uranium and gold properties in Canada. The company has a market cap of $17.96 million. The Firm operates through the acquisition and exploration of properties segment. It currently has negative earnings. The Company’s properties in the United States include Hercules Property, New pass Property and Squaw Creek Property.

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