Agronomics Limited (LON:ANIC - Get Free Report) fell 4.9% during trading on Wednesday . The company traded as low as GBX 5.80 ($0.08) and last traded at GBX 5.80 ($0.08). 519,875 shares were traded during trading, a decline of 88% from the average session volume of 4,245,271 shares. The stock had previously closed at GBX 6.10 ($0.08).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reduced their target price on shares of Agronomics from GBX 16 ($0.21) to GBX 15.90 ($0.21) and set a "buy" rating on the stock in a research report on Monday, March 17th.
Get Our Latest Stock Report on ANIC
Agronomics Price Performance
The business's 50-day moving average price is GBX 6.57 and its 200 day moving average price is GBX 5. The firm has a market capitalization of £59.58 million, a price-to-earnings ratio of -134.14 and a beta of 1.47.
Insiders Place Their Bets
In other news, insider James (Jim) Mellon purchased 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, for a total transaction of £52,000 ($69,742.49). 16.63% of the stock is owned by company insiders.
About Agronomics
(
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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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