Agronomics (LON:ANIC) Earns “Buy” Rating from Canaccord Genuity Group

Agronomics (LON:ANIC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Friday,Digital Look reports. They currently have a GBX 17.50 ($0.22) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 338.60% from the stock’s previous close.

Agronomics Trading Up 2.3 %

Shares of ANIC opened at GBX 3.99 ($0.05) on Friday. The stock’s fifty day simple moving average is GBX 4.43 and its 200 day simple moving average is GBX 5.81. The firm has a market capitalization of £40.30 million, a P/E ratio of 470.00 and a beta of 1.47. Agronomics has a twelve month low of GBX 3.70 ($0.05) and a twelve month high of GBX 14.01 ($0.18).

Insider Buying and Selling at Agronomics

In related news, insider James (Jim) Mellon bought 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was bought at an average price of GBX 5 ($0.06) per share, with a total value of £100,000 ($126,935.77). 16.63% of the stock is currently owned by corporate 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.