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

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

Agronomics Stock Down 1.3%

The stock’s fifty day moving average price is GBX 6.44 and its 200-day moving average price is GBX 6.65. The company has a market capitalization of £69.36 million, a price-to-earnings ratio of -4.10 and a beta of 0.96.

Agronomics (LON:ANIC) last announced its 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%. Analysts anticipate that Agronomics Limited will post 1.8426626 EPS for the current year.

Insider Buying and Selling at Agronomics

In other Agronomics news, insider James (Jim) Mellon acquired 1,475,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 7 per share, for a total transaction of £103,250. Insiders purchased a total of 2,859,215 shares of company stock worth $18,980,290 in the last 90 days. 16.23% of the stock is currently owned by company 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.