new-recommended-broker-banner new-recommended-broker-banner

Iconic Labs (ICON) Share Price Skyrockets After New Contract Announcement

Updated: 22 Mar 2021

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.

new-recommended-broker-banner

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%.

PEOPLE WHO READ THIS ALSO VIEWED: HERE’S WHY ETHEREUM (ETH) PRICE FELL NEARLY 18%
TRADE STOCKS WITH ETORO
COMPARE THESE TOP RATED STOCK BROKERS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .