Agronomics (LON:ANIC) Trading Up 9.6% – Still a Buy?

Agronomics Limited (LON:ANIC)’s stock price was up 9.6% during mid-day trading on Friday . The company traded as high as GBX 4.90 ($0.06) and last traded at GBX 4.70 ($0.06). Approximately 16,094,752 shares traded hands during trading, an increase of 336% from the average daily volume of 3,693,934 shares. The stock had previously closed at GBX 4.29 ($0.05).

Analyst Upgrades and Downgrades

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

Agronomics Stock Up 21.7 %

The business has a 50-day moving average price of GBX 4.02 and a 200-day moving average price of GBX 4.65. The company has a market capitalization of £51.83 million, a price-to-earnings ratio of -116.70 and a beta of 1.47.

Insider Transactions at Agronomics

In other Agronomics news, insider James (Jim) Mellon purchased 1,300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($65,449.97). 16.63% of the stock is owned by insiders.

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.