Agronomics (LON:ANIC) Shares Down 1.6% - Should You Sell?

Key Points

• Agronomics Limited shares decreased by 1.6% to £6.30 ($0.08), with a notable trading volume decline of 56% compared to the average session.
• The company operates in the fields of cellular agriculture, precision fermentation, and synthetic biology, aiming to enhance food sustainability and address environmental concerns.
• Agronomics has a market capitalization of £63.59 million and a significantly negative PE ratio of -369.50, indicating potential challenges in profitability.

Shares of Agronomics Limited (LON:ANIC - ) fell 1.6% during trading on Friday . The company traded as low as GBX 6.20 ($0.08) and last traded at GBX 6.30 ($0.08). 1,415,516 shares traded hands during trading, a decline of 56% from the average session volume of 3,230,834 shares. The stock had previously closed at GBX 6.40 ($0.09).

Agronomics Trading Down 1.6%

The business's 50 day moving average is GBX 6.93 and its 200 day moving average is GBX 6.98. The stock has a market capitalization of £63.59 million, a PE ratio of -369.50 and a beta of 1.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.