Agronomics (LON:ANIC) Shares Down 0.8% – Time to Sell?

Agronomics Limited (LON:ANIC)’s stock price dropped 0.8% on Tuesday . The company traded as low as GBX 3.82 ($0.05) and last traded at GBX 3.82 ($0.05). Approximately 1,447,956 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 3,179,305 shares. The stock had previously closed at GBX 3.85 ($0.05).

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 17.50 ($0.22) target price on shares of Agronomics in a research note on Friday, November 29th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 17.50 ($0.22) target price on shares of Agronomics in a report on Friday, November 29th.

Agronomics Price Performance

The business has a 50-day moving average of GBX 3.97 and a 200 day moving average of GBX 4.91. The company has a market cap of £38.58 million, a PE ratio of 470.00 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.