Iconic Labs (LON:ICON) Stock Price Up 9.2% – Here’s Why

Iconic Labs Plc (LON:ICONGet Free Report) shares shot up 9.2% on Wednesday . The company traded as high as GBX 2.40 and last traded at GBX 1.80. 4,292,005 shares changed hands during mid-day trading, an increase of 1,668% from the average daily volume of 242,823 shares. The stock had previously closed at GBX 1.65.

Iconic Labs Price Performance

The company has a fifty day moving average price of GBX 1.49 and a two-hundred day moving average price of GBX 1.81. The firm has a market cap of £280,613.81, a price-to-earnings ratio of -0.34 and a beta of 1.07.

Iconic Labs (LON:ICONGet Free Report) last released its earnings results on Tuesday, March 31st. The company reported GBX (1.94) earnings per share (EPS) for the quarter.

Iconic Labs Company Profile

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Iconic Labs Plc, a media and technology business company, focuses on the identification and acquisition of companies in the online media, artificial intelligence, and big data gathering, processing, and analysis sectors. The company was formerly known as WideCells Group PLC and changed its name to Iconic Labs Plc in July 2019. Iconic Labs Plc was founded in 2012 and is based in London, the United Kingdom.

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