Insider Buying: Agronomics (LON:ANIC) Insider Purchases 370,000 Shares of Stock

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon acquired 370,000 shares of Agronomics stock in a transaction on Monday, February 23rd. The shares were bought at an average price of GBX 6 per share, for a total transaction of £22,200.

James (Jim) Mellon also recently made the following trade(s):

• On Monday, February 23rd, James (Jim) Mellon bought 250,000 shares of Agronomics stock. The stock was bought at an average cost of GBX 7 per share, with a total value of £17,500.
• On Friday, February 20th, James (Jim) Mellon bought 664,215 shares of Agronomics stock. The stock was bought at an average price of GBX 6 per share, for a total transaction of £39,852.90.

Agronomics Price Performance

LON:ANIC traded up GBX 0.21 during mid-day trading on Wednesday, reaching GBX 6.67. The stock had a trading volume of 3,072,890 shares, compared to its average volume of 3,032,904. The company has a market capitalization of £70.48 million, a price-to-earnings ratio of -2.06 and a beta of 1.47. Agronomics Limited has a 1-year low of GBX 5.10 and a 1-year high of GBX 9.60. The stock’s 50 day simple moving average is GBX 6.13 and its two-hundred day simple moving average is GBX 6.76.

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 0.27% and a negative net margin of 71.96%. Sell-side analysts anticipate that Agronomics Limited will post 1.8426626 EPS for the current fiscal year.

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.