Agronomics (LON:ANIC) Shares Down 0.9% - Here's Why

Key Points

• Agronomics Limited shares fell by 0.9% during mid-day trading, closing at GBX 7.48 ($0.10), with trading volume increasing by 50% compared to the average.
• The company has a market cap of £75.50 million and a PE ratio of -438.71, indicating significant losses relative to its earnings.
• Agronomics focuses on investing in advanced technologies in cellular agriculture, precision fermentation, and synthetic biology, aimed at improving sustainability and addressing issues related to health and the environment.

Agronomics Limited (LON:ANIC - ) shares fell 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 7.20 ($0.10) and last traded at GBX 7.48 ($0.10). 5,044,613 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 3,364,472 shares. The stock had previously closed at GBX 7.55 ($0.10).

Agronomics Stock Performance

The stock has a market cap of £75.50 million, a PE ratio of -438.71 and a beta of 1.47. The firm has a 50-day moving average price of GBX 7.94 and a 200-day moving average price of GBX 7.05.

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.

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