Agronomics (LON:ANIC) Stock Price Down 8.6%

Agronomics Limited (LON:ANIC) traded down 8.6% on Thursday . The company traded as low as GBX 5.80 ($0.07) and last traded at GBX 5.98 ($0.08). 4,276,660 shares traded hands during mid-day trading, an increase of 164% from the average session volume of 1,619,746 shares. The stock had previously closed at GBX 6.54 ($0.08).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 20 ($0.25) target price on shares of Agronomics in a research note on Thursday, April 4th.

Agronomics Stock Performance

The firm’s 50-day moving average price is GBX 7.76 and its 200 day moving average price is GBX 8.94. The company has a market cap of £60.40 million, a price-to-earnings ratio of 470.00 and a beta of 1.61.

About Agronomics

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.