Shares of Agronomics Limited (LON:ANIC - Get Free Report) were up 10.6% during mid-day trading on Wednesday . The company traded as high as GBX 7 ($0.09) and last traded at GBX 6.88 ($0.09). Approximately 7,326,945 shares changed hands during trading, an increase of 31% from the average daily volume of 5,607,856 shares. The stock had previously closed at GBX 6.22 ($0.08).
Analyst Upgrades and Downgrades
ANIC has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set 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. Canaccord Genuity Group restated a "buy" rating and set a GBX 17.50 ($0.23) price target on shares of Agronomics in a research note on Friday, November 29th.
Read Our Latest Report on Agronomics
Agronomics Stock Performance
The firm has a market capitalization of £69.51 million, a price-to-earnings ratio of -156.49 and a beta of 1.47. The firm's 50 day simple moving average is GBX 4.77 and its 200 day simple moving average is GBX 4.72.
Insiders Place Their Bets
In related news, insider James (Jim) Mellon acquired 1,300,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($67,218.20). 16.63% of the stock is currently owned by company insiders.
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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