Agronomics (LON:ANIC) Trading Down 2.2% – Here’s What Happened

Agronomics Limited (LON:ANIC) was down 2.2% during mid-day trading on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 6.60. Approximately 834,206 shares were traded during 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 Down 2.2%

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 has a fifty day simple moving average of GBX 6.69 and a 200-day simple moving average of GBX 6.67.

Agronomics (LON:ANIC) last issued 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%. Analysts predict that Agronomics Limited will post 1.8426626 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James (Jim) Mellon acquired 1,475,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average cost of GBX 7 per share, with a total value of £103,250. Insiders acquired 2,859,215 shares of company stock worth $18,980,290 over the last three months. 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.