Agronomics (LON:ANIC) Given Buy Rating at Canaccord Genuity Group

Agronomics (LON:ANIC)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 17.50 ($0.22) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 338.60% from the stock’s current price.

Agronomics Stock Performance

Shares of LON:ANIC opened at GBX 3.99 ($0.05) on Friday. Agronomics has a 1-year low of GBX 3.70 ($0.05) and a 1-year high of GBX 14.01 ($0.18). The company’s fifty day moving average is GBX 4.43 and its two-hundred day moving average is GBX 5.81. The stock has a market capitalization of £40.30 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

Insider Activity

In other news, insider James (Jim) Mellon bought 1,000,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were bought at an average cost of GBX 5 ($0.06) per share, with a total value of £50,000 ($63,467.89). Insiders own 16.63% of the company’s stock.

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.