Agronomics (LON:ANIC) Trading Down 3.7% – Should You Sell?
by Jessica Moore · The Cerbat GemShares of Agronomics Limited (LON:ANIC – Get Free Report) fell 3.7% during trading on Thursday . The stock traded as low as GBX 6.30 and last traded at GBX 6.45. 1,250,279 shares were traded during mid-day trading, a decline of 52% from the average session volume of 2,596,089 shares. The stock had previously closed at GBX 6.70.
Agronomics Stock Down 3.7%
The company’s 50 day moving average is GBX 6.62 and its 200 day moving average is GBX 6.67. The firm has a market capitalization of £68.15 million, a price-to-earnings ratio of -4.03 and a beta of 0.92.
Agronomics (LON:ANIC – Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.99 EPS for the quarter. Agronomics had a net margin of 135.81% and a negative return on equity of 12.24%. On average, analysts expect that Agronomics Limited will post 1.8426626 EPS for the current year.
Insider Activity at Agronomics
In other Agronomics news, insider James (Jim) Mellon purchased 1,475,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of GBX 7 per share, for a total transaction of £103,250. Insiders have bought 2,859,215 shares of company stock valued at $18,980,290 in the last 90 days. Corporate insiders own 16.23% of the company’s stock.
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.