Agronomics (LON:ANIC) Hits New 12-Month Low at $5.40

Agronomics Limited (LON:ANIC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.40 ($0.07), with a volume of 1933301 shares traded. The stock had previously closed at GBX 5.65 ($0.07).

Wall Street Analysts Forecast Growth

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

Agronomics Stock Performance

The company’s 50-day moving average is GBX 5.76 and its 200-day moving average is GBX 7.19. The firm has a market cap of £54.54 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

About Agronomics

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.