Agronomics Limited (LON:ANIC - Get Free Report)'s stock price dropped 9% on Wednesday . The stock traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.10 ($0.08). Approximately 3,873,813 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 4,509,231 shares. The stock had previously closed at GBX 6.70 ($0.09).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their target price on Agronomics from GBX 16 ($0.20) to GBX 15.90 ($0.20) and set a "buy" rating for the company in a research report on Monday, March 17th.
Check Out Our Latest Research Report on ANIC
Agronomics Price Performance
The company has a market capitalization of £55.90 million, a P/E ratio of -125.87 and a beta of 1.47. The business's 50-day moving average price is GBX 6.07 and its two-hundred day moving average price is GBX 4.90.
Insiders Place Their Bets
In related news, insider James (Jim) Mellon acquired 1,300,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($66,191.45). Corporate insiders own 16.63% of the company's stock.
Agronomics Company Profile
(
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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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