Agronomics (LON:ANIC) Trading Down 2.2% – Here’s What Happened

Agronomics Limited (LON:ANICGet Free Report) was down 2.2% during mid-day trading on Thursday . The stock traded as low as GBX 6.50 and last traded at GBX 6.60. Approximately 834,206 shares changed hands during trading, a decline of 65% from the average daily volume of 2,401,741 shares. The stock had previously closed at GBX 6.75.

Agronomics Stock Performance

The company’s 50-day moving average is GBX 6.69 and its 200-day moving average is GBX 6.67. The firm has a market cap of £69.73 million, a price-to-earnings ratio of -4.13 and a beta of 0.92.

Agronomics (LON:ANICGet Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.99 earnings per share (EPS) for the quarter. Agronomics had a net margin of 135.81% and a negative return on equity of 12.24%. On average, analysts predict that Agronomics Limited will post 1.8426626 EPS for the current year.

Insiders Place Their Bets

In other news, insider James (Jim) Mellon acquired 1,475,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of GBX 7 per share, with a total value of £103,250. Over the last three months, insiders bought 2,859,215 shares of company stock worth $18,980,290. Insiders own 16.23% of the company’s stock.

Agronomics Company Profile

(Get Free Report)

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. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.

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