Agronomics (LON:ANIC) Shares Down 0.3% – Here’s Why

Agronomics Limited (LON:ANIC)’s share price was down 0.3% on Tuesday . The company traded as low as GBX 3.85 ($0.05) and last traded at GBX 3.87 ($0.05). Approximately 1,805,694 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 2,256,237 shares. The stock had previously closed at GBX 3.88 ($0.05).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 17.50 ($0.22) target price on shares of Agronomics in a research report on Friday, November 29th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 17.50 ($0.22) target price on shares of Agronomics in a research report on Friday, November 29th.

Agronomics Stock Performance

The stock’s 50 day simple moving average is GBX 4.03 and its 200 day simple moving average is GBX 5.19. The firm has a market cap of £38.99 million, a P/E ratio of 470.00 and a beta of 1.47.

Insider Transactions at Agronomics

In other news, insider James (Jim) Mellon bought 1,000,000 shares of Agronomics stock in a transaction dated Thursday, October 10th. The stock was purchased at an average price of GBX 5 ($0.06) per share, for a total transaction of £50,000 ($62,562.56). 16.63% of the stock is currently owned by insiders.

About Agronomics

Agronomics Limited is a private equity and venture capital firm specializing in emerging growth, seed/startup, early venture and growth capital investments. The firm invests in quoted and unquoted companies. It prefers to invest in the alternative proteins company with a focus on cellular agriculture, cultivated meat, technologies, nascent industry of modern foods and materials, biopharma sector and will establish a portfolio of investments in biotechnology and biopharmaceutical companies.