Agronomics (LON:ANIC) Reaches New 52-Week High - Here's Why

Shares of Agronomics Limited (LON:ANIC - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 8.70 ($0.12) and last traded at GBX 8.32 ($0.11), with a volume of 16512662 shares traded. The stock had previously closed at GBX 7.60 ($0.10).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a "buy" rating for the company in a research note on Monday, March 17th.

Agronomics Stock Up 9.5%

The firm has a market capitalization of £82.61 million, a PE ratio of -186.01 and a beta of 1.47. The firm's 50 day moving average price is GBX 6.71 and its two-hundred day moving average price is GBX 5.88.

About Agronomics

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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