Iconic Labs (LON:ICON) Shares Down 25.6% – Here’s Why

Iconic Labs Plc (LON:ICONGet Free Report) dropped 25.6% on Thursday . The stock traded as low as GBX 1.77 and last traded at GBX 1.77. Approximately 52,123 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 73,856 shares. The stock had previously closed at GBX 2.38.

Iconic Labs Trading Down 25.6%

The business’s fifty day simple moving average is GBX 2.20 and its 200 day simple moving average is GBX 2.35. The stock has a market cap of £245,469.12, a price-to-earnings ratio of -0.29 and a beta of 1.07.

Iconic Labs Company Profile

(Get Free Report)

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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