Media and technology company Iconic Labs (LN: ICON) has announced a new contract with a multinational goods company, sending its stock surging higher…
The company issued a statement around midday confirming that it has completed a contract to “produce research, data and insights for a multinational consumer goods company.”
It is a new type of contract that Iconic is undertaking, they commented that they will be looking to offer this type of consultation to new customers going forward.
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Within the same press release, Iconic Labs also announced an update on its contract with JOE Media, commenting that they are fulfilling a contract to manage its production and distribution of social content in the UK.
In a previous announcement Iconic confirmed that the contract with JOE Media is expected to increase in value to over £150,000, with Iconic stating that they have made progress in improving JOE’s sales pipeline.
Iconic Labs share price…
Source: TradingView
The company’s share price exploded higher after the news and is currently trading at 0.0177p per share, up 91.35%.
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.
