Agronomics (LON:ANIC) Trading Down 1.3% – Here’s What Happened

Shares of Agronomics Limited (LON:ANIC) fell 1.3% during mid-day trading on Thursday . The stock traded as low as GBX 6.30 and last traded at GBX 6.57. 1,100,153 shares traded hands during trading, a decline of 61% from the average session volume of 2,828,563 shares. The stock had previously closed at GBX 6.65.

Agronomics Trading Down 1.3%

The company has a market cap of £69.36 million, a PE ratio of -4.10 and a beta of 0.96. The firm has a 50 day moving average of GBX 6.46 and a two-hundred day moving average of GBX 6.65.

Agronomics (LON:ANIC) last announced its quarterly earnings data on Tuesday, February 17th. The company reported GBX 0.99 earnings per share (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 forecast that Agronomics Limited will post 1.8426626 EPS for the current year.

Insider Activity

In other news, insider James (Jim) Mellon acquired 1,475,000 shares of Agronomics stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of GBX 7 per share, for a total transaction of £103,250. Over the last ninety days, insiders bought 2,859,215 shares of company stock valued at $18,980,290. 16.23% of the stock is owned by insiders.

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.