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flag Iconic Minerals shares dropped 20% amid ongoing concerns over debt, weak liquidity, and lack of news.

flag Iconic Minerals (CVE:ICM) shares fell 20% on Thursday, closing at C$0.06 amid a 26% surge in trading volume to 380,801 shares. flag The decline followed no specific news, with the company’s gold and lithium exploration projects in Nevada and Canada, high debt levels, and weak liquidity ratios cited as ongoing concerns. flag The stock’s market cap is C$8.85 million, with a negative P/E ratio, beta of 1.25, and quick ratio of 0.05.

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