Agronomics’ (ANIC) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Agronomics (LON:ANIC) in a report released on Friday, Marketbeat reports. The brokerage currently has a GBX 17.50 ($0.22) price target on the stock.

Agronomics Price Performance

LON:ANIC opened at GBX 3.90 ($0.05) on Friday. Agronomics has a one year low of GBX 3.70 ($0.05) and a one year high of GBX 14.01 ($0.18). The company has a market cap of £39.39 million, a PE ratio of 470.00 and a beta of 1.47. The firm’s 50 day simple moving average is GBX 4.43 and its 200 day simple moving average is GBX 5.81.

Insider Activity at Agronomics

In other news, insider James (Jim) Mellon purchased 2,000,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average price of GBX 5 ($0.06) per share, for a total transaction of £100,000 ($127,016.39). 16.63% of the stock is currently owned by company insiders.

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.