Agronomics (LON:ANIC) Shares Up 13.8% – Here’s What Happened

Agronomics Limited (LON:ANIC)’s stock price traded up 13.8% during trading on Tuesday . The company traded as high as GBX 4.30 ($0.05) and last traded at GBX 4.30 ($0.05). 54,024,832 shares were traded during mid-day trading, an increase of 2,247% from the average session volume of 2,302,119 shares. The stock had previously closed at GBX 3.78 ($0.05).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 17.50 ($0.22) price target on shares of Agronomics in a research report on Friday, November 29th.

Agronomics Stock Performance

The stock has a market cap of £45.45 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. The company has a 50-day simple moving average of GBX 4.28 and a two-hundred day simple moving average of GBX 5.64.

Insider Transactions at Agronomics

In other news, insider James (Jim) Mellon bought 1,000,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of GBX 5 ($0.06) per share, with a total value of £50,000 ($63,734.86). 16.63% of the stock is owned by company insiders.

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.