Intercontinental Gold and Metals (ICAU) Shares Down 18.2%

Intercontinental Gold and Metals Ltd (CVE:ICAU)’s share price was down 18.2% during mid-day trading on Friday . The stock traded as low as C$0.26 and last traded at C$0.27. Approximately 784,000 shares traded hands during trading, an increase of 289% from the average daily volume of 201,768 shares. The stock had previously closed at C$0.33.

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About Intercontinental Gold and Metals (CVE:ICAU)

Intercontinental Gold and Metals Ltd. engages in marketing gold and other commodities to artisanal miners and gold refiners. The company was formerly known as Geodex Minerals Ltd. and changed its name to Intercontinental Gold and Metals Ltd. in November 2017. Intercontinental Gold and Metals Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

Further Reading: Cost of Capital Explained

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