Agronomics (LON:ANIC) Trading Down 2.2% – What’s Next?

Shares of Agronomics Limited (LON:ANIC) dropped 2.2% during trading on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 6.60. Approximately 834,206 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,401,741 shares. The stock had previously closed at GBX 6.75.

Agronomics Stock Performance

The company has a market capitalization of £69.73 million, a P/E ratio of -4.13 and a beta of 0.92. The stock’s fifty day moving average price is GBX 6.68 and its 200-day moving average price is GBX 6.67.

Agronomics (LON:ANIC) last issued its earnings results on Tuesday, February 17th. The company reported GBX 0.99 EPS for the quarter. Agronomics had a negative return on equity of 12.24% and a net margin of 135.81%. On average, research analysts predict that Agronomics Limited will post 1.8426626 EPS for the current fiscal year.

Insider Transactions at Agronomics

In related news, insider James (Jim) Mellon acquired 1,475,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of GBX 7 per share, with a total value of £103,250. In the last ninety days, insiders have purchased 2,859,215 shares of company stock worth $18,980,290. 16.23% of the stock is owned by corporate insiders.

About Agronomics

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.