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flag Iconic Minerals' stock rose 16.7% after its CEO bought C$12,493 in company shares.

flag Iconic Minerals (CVE:ICM) shares jumped 16.7% on Thursday, closing at C$0.07 with trading volume up 45% to 422,987 shares. flag The rise followed a CEO insider purchase of C$12,493 in company stock. flag The exploration firm, focused on gold and lithium in Nevada and Canada, holds 50% stakes in the Midas South and New Pass projects. flag Despite a market cap of C$10.33 million and strong technical momentum near its 50-day moving average, the company remains unprofitable with a negative P/E ratio and high debt-to-equity of 145.42.

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