Agronomics (LON:ANIC) Sets New 52-Week Low – Here’s Why

Shares of Agronomics Limited (LON:ANIC) reached a new 52-week low on Wednesday. The stock traded as low as GBX 4 and last traded at GBX 4.72, with a volume of 13094245 shares. The stock had previously closed at GBX 5.24.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 13.30 price target on shares of Agronomics in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Agronomics has an average rating of “Buy” and a consensus target price of GBX 13.30.

Agronomics Stock Performance

The stock has a fifty day simple moving average of GBX 5.25 and a 200-day simple moving average of GBX 5.95. The stock has a market cap of £51.19 million, a P/E ratio of -2.95 and a beta of 0.98.

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