Agronomics (LON:ANIC) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Agronomics (LON:ANIC) in a research report released on Friday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 17.50 ($0.22) price objective on the stock.

Agronomics Stock Performance

The company’s fifty day moving average price is GBX 4.43 and its 200 day moving average price is GBX 5.81. Agronomics has a 1-year low of GBX 3.70 ($0.05) and a 1-year high of GBX 14.01 ($0.18). The stock has a market cap of £38.38 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

Insiders Place Their Bets

In other Agronomics news, insider James (Jim) Mellon bought 1,000,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of GBX 5 ($0.06) per share, for a total transaction of £50,000 ($63,686.15). Insiders own 16.63% of the company’s stock.

Agronomics Company Profile

Agronomics Limited is a private equity and venture capital firm specializing in emerging growth, seed/startup, early venture and growth capital investments. The firm invests in quoted and unquoted companies. It prefers to invest in the alternative proteins company with a focus on cellular agriculture, cultivated meat, technologies, nascent industry of modern foods and materials, biopharma sector and will establish a portfolio of investments in biotechnology and biopharmaceutical companies.