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Agronomics (LON:ANIC) Shares Down 3.4% - Here's What Happened

Agronomics logo with Financial Services background

Agronomics Limited (LON:ANIC - Get Free Report) shares were down 3.4% on Friday . The stock traded as low as GBX 6.60 ($0.09) and last traded at GBX 6.90 ($0.09). Approximately 1,382,313 shares traded hands during trading, a decline of 61% from the average daily volume of 3,509,708 shares. The stock had previously closed at GBX 7.14 ($0.10).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective on shares of Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a "buy" rating on the stock in a research report on Monday, March 17th.

Check Out Our Latest Research Report on Agronomics

Agronomics Stock Down 3.4%

The stock has a market cap of £68.51 million, a P/E ratio of -154.26 and a beta of 1.47. The firm's 50-day moving average is GBX 6.22 and its two-hundred day moving average is GBX 5.41.

About Agronomics

(Get Free Report)

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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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.

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