Beverage company Iconic Brands Inc (OTCMKTS:ICNB) is involved in designing, delivery and development of both alcoholic as well as non-alcoholic beverages and yesterday the company was in the news.
Trading Data
On Monday, ICNB stock ended flat at $0.1500 with more than 112.39K shares, compared to its average volume of 42.33K shares. The stock moved within a range of $0.1001 – 0.1500 after opening trade at $0.1400.
Iconic Brands to Present at the Dawson James 7th Annual Small Cap Growth Conference
The company announced yesterday that it was going to be one of the participants at the Dawson James 7th Annual Small Cap Growth Conference that is going to be held on October 12, 2022. The event is going to be hosted at the Wyndham Grand Hotel located in Jupiter in Florida. The presentation is going to be made by the interim Chief Executive Officer of the company Thomas Martin. It should be noted that Martin is also the CEO and Founder of Iconic Brands’ fully owned subsidiary unit TopPop.
In addition to that, Martin is also going to be involved in direct meetings with investors. During the course of the presentation Martin is going to be involved in providing an lowdown on the company as well as its milestones and future strategic developments. Back in August, the company had announced that in the quarter that had ended on June 30, 2022 it had ended up with revenues of $6.6 million, which was higher than the revenues of $4.9 million that Iconic Brands had brought in for the entire fiscal year of 2021.
Technical Data
ICNB stock is trading below the 20-Day and 50-Day Moving averages of $0.19 and $0.28 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.35.
