Agronomics (LON:ANIC) Shares Up 15.9% - Should You Buy?

Agronomics Limited (LON:ANIC - Get Free Report)'s share price was up 15.9% during trading on Thursday . The stock traded as high as GBX 7.70 ($0.10) and last traded at GBX 7.67 ($0.10). Approximately 17,420,238 shares traded hands during trading, an increase of 241% from the average daily volume of 5,109,465 shares. The stock had previously closed at GBX 6.62 ($0.08).

Analysts Set New Price Targets

Several equities analysts recently commented on ANIC shares. Canaccord Genuity Group restated 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. Canaccord Genuity Group restated a "buy" rating and set a GBX 16.50 ($0.21) target price (down previously from GBX 17 ($0.22)) on shares of Agronomics in a research report on Thursday, January 30th.

Agronomics Stock Performance

The company has a 50-day simple moving average of GBX 4.54 and a 200-day simple moving average of GBX 4.70. The stock has a market cap of £70.30 million, a P/E ratio of -158.28 and a beta of 1.47.

Insider Buying and Selling at Agronomics

In other news, insider James (Jim) Mellon bought 1,300,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of GBX 4 ($0.05) per share, for a total transaction of £52,000 ($66,082.09). Corporate insiders own 16.63% of the company's stock.

Agronomics Company Profile

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage.