Agronomics (LON:ANIC) Shares Down 0.8% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ANIC. Canaccord Genuity Group reaffirmed 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 reaffirmed a “buy” rating and set a GBX 17.50 ($0.22) price objective on shares of Agronomics in a research report on Friday, November 29th.

Agronomics Trading Down 0.8 %

The company has a market cap of £38.58 million, a P/E ratio of 470.00 and a beta of 1.47. The stock’s 50 day moving average is GBX 3.97 and its 200-day moving average is GBX 4.91.

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.