Iconic Labs (LON:ICON) Trading Up 47.8% – Time to Buy?

Iconic Labs Plc (LON:ICON)’s stock price was up 47.8% during trading on Wednesday . The stock traded as high as GBX 1.70 and last traded at GBX 1.70. Approximately 204,390 shares traded hands during mid-day trading, an increase of 141% from the average daily volume of 84,679 shares. The stock had previously closed at GBX 1.15.

Iconic Labs Stock Up 6.2%

The business’s 50 day moving average is GBX 1.84 and its 200 day moving average is GBX 2.20. The company has a market cap of £257,618.00, a P/E ratio of -0.28 and a beta of 1.07.

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

About Iconic Labs

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.