Agronomics (LON:ANIC) Trading Down 3.2% – Here’s What Happened

Agronomics Limited (LON:ANIC) shares traded down 3.2% on Friday . The company traded as low as GBX 4 ($0.05) and last traded at GBX 4.07 ($0.05). 971,805 shares changed hands during trading, a decline of 51% from the average session volume of 1,976,022 shares. The stock had previously closed at GBX 4.20 ($0.05).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 17.50 ($0.23) target price on shares of Agronomics in a research note on Tuesday, September 17th.

Agronomics Stock Performance

The business’s fifty day simple moving average is GBX 5.09 and its 200 day simple moving average is GBX 6.34. The stock has a market cap of £41.06 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

Insider Buying and Selling

In other news, insider James (Jim) Mellon acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 5 ($0.06) per share, for a total transaction of £50,000 ($64,842.43). 16.63% of the stock is currently owned by corporate insiders.

Agronomics Company Profile

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.