Agronomics (LON:ANIC) Shares Down 1.8% – Here’s What Happened

Agronomics Limited (LON:ANIC)’s stock price dropped 1.8% during mid-day trading on Monday . The stock traded as low as GBX 3.80 ($0.05) and last traded at GBX 3.88 ($0.05). Approximately 2,499,917 shares changed hands during trading, an increase of 22% from the average daily volume of 2,042,824 shares. The stock had previously closed at GBX 3.95 ($0.05).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 17.50 ($0.22) price target on shares of Agronomics in a report on Tuesday, September 17th.

Agronomics Stock Down 1.8 %

The stock has a market cap of £39.19 million, a PE ratio of 470.00 and a beta of 1.47. The firm’s fifty day moving average price is GBX 4.53 and its 200 day moving average price is GBX 5.88.

Insiders Place Their Bets

In other Agronomics news, insider James (Jim) Mellon bought 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of GBX 5 ($0.06) per share, with a total value of £50,000 ($62,798.29). Corporate insiders own 16.63% of the company’s stock.

About Agronomics

Agronomics Limited is a private equity and venture capital firm specializing in emerging growth, seed/startup, early venture and growth capital investments. The firm invests in quoted and unquoted companies. It prefers to invest in the alternative proteins company with a focus on cellular agriculture, cultivated meat, technologies, nascent industry of modern foods and materials, biopharma sector and will establish a portfolio of investments in biotechnology and biopharmaceutical companies.