Insider Buying: Agronomics (LON:ANIC) Insider Acquires £103,250 in Stock

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon acquired 1,475,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of GBX 7 per share, with a total value of £103,250.

James (Jim) Mellon also recently made the following trade(s):

• On Tuesday, March 3rd, James (Jim) Mellon acquired 100,000 shares of Agronomics stock. The stock was bought at an average price of GBX 7 per share, for a total transaction of £7,000.
• On Monday, February 23rd, James (Jim) Mellon bought 250,000 shares of Agronomics stock. The stock was bought at an average cost of GBX 7 per share, for a total transaction of £17,500.
• On Monday, February 23rd, James (Jim) Mellon purchased 370,000 shares of Agronomics stock. The stock was bought at an average cost of GBX 6 per share, with a total value of £22,200.
• On Friday, February 20th, James (Jim) Mellon purchased 664,215 shares of Agronomics stock. The stock was bought at an average cost of GBX 6 per share, with a total value of £39,852.90.

Agronomics Price Performance

Shares of LON:ANIC opened at GBX 6.80 on Friday. Agronomics Limited has a one year low of GBX 5.10 and a one year high of GBX 9.60. The company’s fifty day moving average price is GBX 6.20 and its 200-day moving average price is GBX 6.69. The firm has a market capitalization of £71.85 million, a price-to-earnings ratio of -4.25 and a beta of 0.96.

Agronomics (LON:ANIC) last issued its earnings results on Tuesday, February 17th. The company reported GBX 0.99 earnings per share (EPS) for the quarter. Agronomics had a net margin of 135.81% and a negative return on equity of 12.24%. As a group, equities research analysts expect that Agronomics Limited will post 1.8426626 EPS for the current year.

Agronomics Company Profile

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.