Insider Buying: Agronomics Limited (LON:ANIC) Insider Buys 1,300,000 Shares of 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 stock was purchased at an average cost of GBX 4 ($0.05) per share, for a total transaction of £52,000 ($64,902.65).

Agronomics Stock Performance

Shares of LON ANIC traded up GBX 0.10 ($0.00) during trading on Wednesday, hitting GBX 4.05 ($0.05). 6,053,039 shares of the company traded hands, compared to its average volume of 3,386,865. The firm has a market capitalization of £40.88 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. Agronomics Limited has a fifty-two week low of GBX 3.65 ($0.05) and a fifty-two week high of GBX 10.40 ($0.13). The business’s fifty day moving average is GBX 3.94 and its 200 day moving average is GBX 4.73.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANIC shares. Canaccord Genuity Group reaffirmed 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 reissued a “buy” rating and issued a GBX 16.50 ($0.21) price objective (down from GBX 17 ($0.21)) on shares of Agronomics in a research note on Thursday, January 30th.

Agronomics Company Profile

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.