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

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon purchased 1,300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($64,508.13).

Agronomics Price Performance

ANIC opened at GBX 4.35 ($0.05) on Friday. Agronomics Limited has a 12 month low of GBX 3.65 ($0.05) and a 12 month high of GBX 10.20 ($0.13). The stock has a market capitalization of £43.94 million, a P/E ratio of 470.00 and a beta of 1.47. The business has a 50 day simple moving average of GBX 3.96 and a 200-day simple moving average of GBX 4.71.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 16.50 ($0.20) price objective (down previously from GBX 17 ($0.21)) on shares of Agronomics in a research report on Thursday, January 30th. 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.

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.