Agronomics Limited (LON:ANIC - Get Free Report)'s stock price dropped 6.8% during trading on Monday . The stock traded as low as GBX 7.08 ($0.09) and last traded at GBX 7.08 ($0.09). Approximately 8,752,418 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 5,312,488 shares. The stock had previously closed at GBX 7.60 ($0.10).
Analyst Ratings Changes
ANIC has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 17.50 ($0.23) price objective on shares of Agronomics in a research report on Friday, November 29th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 16.50 ($0.21) price objective (down from GBX 17 ($0.22)) on shares of Agronomics in a report on Thursday, January 30th.
Get Our Latest Analysis on Agronomics
Agronomics Price Performance
The stock has a fifty day simple moving average of GBX 4.71 and a 200-day simple moving average of GBX 4.72. The company has a market capitalization of £69.51 million, a price-to-earnings ratio of -156.49 and a beta of 1.47.
Insider Activity
In other Agronomics news, insider James (Jim) Mellon acquired 1,300,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($67,010.31). Insiders own 16.63% of the company's stock.
Agronomics Company Profile
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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.
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