Agronomics Limited (LON:ANIC) Insider Buys £52,000 in Stock

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon acquired 1,300,000 shares of Agronomics stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of GBX 4 ($0.05) per share, with a total value of £52,000 ($64,508.13).

Agronomics Trading Down 1.1 %

Shares of LON ANIC opened at GBX 4.35 ($0.05) on Friday. The stock has a market cap of £43.94 million, a P/E ratio of 470.00 and a beta of 1.47. Agronomics Limited has a twelve month low of GBX 3.65 ($0.05) and a twelve month high of GBX 10.20 ($0.13). The stock has a 50 day moving average of GBX 3.96 and a two-hundred day moving average of GBX 4.71.

Wall Street Analyst Weigh In

Several brokerages recently commented on ANIC. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 17.50 ($0.22) price target on shares of Agronomics in a research note on Friday, November 29th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 16.50 ($0.20) target price (down previously from GBX 17 ($0.21)) on shares of Agronomics in a research report on Thursday, January 30th.

About Agronomics

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.