Agronomics’ (ANIC) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Agronomics (LON:ANIC) in a report published on Friday, Marketbeat reports. The brokerage currently has a GBX 17.50 ($0.22) price objective on the stock.

Agronomics Price Performance

Shares of LON ANIC opened at GBX 3.90 ($0.05) on Friday. The business has a fifty day moving average price of GBX 4.43 and a two-hundred day moving average price of GBX 5.81. The stock has a market capitalization of £39.39 million, a PE ratio of 470.00 and a beta of 1.47. Agronomics has a fifty-two week low of GBX 3.70 ($0.05) and a fifty-two week high of GBX 14.01 ($0.18).

Insider Buying and Selling at Agronomics

In other Agronomics news, insider James (Jim) Mellon purchased 1,000,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were bought at an average price of GBX 5 ($0.06) per share, for a total transaction of £50,000 ($63,508.19). Insiders own 16.63% of the company’s stock.

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.