Iconic Labs (LON:ICON) Stock Price Up 29.3% – Here’s What Happened

Iconic Labs Plc (LON:ICON) was up 29.3% during mid-day trading on Friday . The stock traded as high as GBX 1.68 and last traded at GBX 1.68. Approximately 1,005,496 shares changed hands during mid-day trading, an increase of 600% from the average daily volume of 143,670 shares. The stock had previously closed at GBX 1.30.

Iconic Labs Trading Up 71.4%

The firm has a 50-day simple moving average of GBX 1.57 and a two-hundred day simple moving average of GBX 1.94. The company has a market capitalization of £336,418.80, a price-to-earnings ratio of -0.42 and a beta of 1.07.

Iconic Labs (LON:ICON) last announced its quarterly earnings results on Tuesday, March 31st. The company reported GBX (1.94) earnings per share for the quarter.

Iconic Labs Company Profile

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.