Iconic Labs (LON:ICON) Shares Down 11.9% – Time to Sell?

Shares of Iconic Labs Plc (LON:ICON) dropped 11.9% during trading on Thursday . The stock traded as low as GBX 1.35 and last traded at GBX 1.41. Approximately 337,406 shares were traded during mid-day trading, an increase of 151% from the average daily volume of 134,581 shares. The stock had previously closed at GBX 1.60.

Iconic Labs Stock Down 11.9%

The company’s fifty day moving average price is GBX 1.85 and its two-hundred day moving average price is GBX 2.20. The firm has a market cap of £213,671.40, a PE ratio of -0.24 and a beta of 1.07.

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.