Agronomics (LON:ANIC) Shares Down 14.9% – Here’s What Happened

Agronomics Limited (LON:ANIC)’s stock price traded down 14.9% on Friday . The company traded as low as GBX 4 ($0.05) and last traded at GBX 4 ($0.05). 3,693,271 shares were traded during mid-day trading, an increase of 108% from the average session volume of 1,772,677 shares. The stock had previously closed at GBX 4.70 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 17.50 ($0.23) target price on shares of Agronomics in a research note on Tuesday, September 17th.

Agronomics Stock Performance

The company has a market cap of £35.50 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. The business’s 50 day moving average price is GBX 5.57 and its 200-day moving average price is GBX 6.93.

Agronomics Company Profile

Agronomics Limited is a private equity and venture capital firm specializing in emerging growth, seed/startup, early venture and growth capital investments. The firm invests in quoted and unquoted companies. It prefers to invest in the alternative proteins company with a focus on cellular agriculture, cultivated meat, technologies, nascent industry of modern foods and materials, biopharma sector and will establish a portfolio of investments in biotechnology and biopharmaceutical companies.