Agronomics (LON:ANIC) Stock Price Down 3.4% – Time to Sell?

Agronomics Limited (LON:ANIC) traded down 3.4% during mid-day trading on Friday . The company traded as low as GBX 6.60 ($0.09) and last traded at GBX 6.90 ($0.09). 1,382,313 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 3,509,708 shares. The stock had previously closed at GBX 7.14 ($0.10).

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a “buy” rating for the company in a report on Monday, March 17th.

Agronomics Stock Performance

The firm’s fifty day simple moving average is GBX 6.22 and its 200-day simple moving average is GBX 5.41. The stock has a market cap of £68.51 million, a P/E ratio of -154.26 and a beta of 1.47.

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.