Agronomics (LON:ANIC) Trading Down 1.3% – Here’s What Happened

Shares of Agronomics Limited (LON:ANIC) dropped 1.3% during mid-day trading on Thursday . The company traded as low as GBX 6.30 and last traded at GBX 6.57. Approximately 1,100,153 shares changed hands during trading, a decline of 61% from the average daily volume of 2,828,563 shares. The stock had previously closed at GBX 6.65.

Agronomics Stock Performance

The stock has a market cap of £69.36 million, a P/E ratio of -4.10 and a beta of 0.96. The company’s 50 day moving average price is GBX 6.44 and its 200-day moving average price is GBX 6.65.

Agronomics (LON:ANIC) last posted its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.99 earnings per share for the quarter. Agronomics had a net margin of 135.81% and a negative return on equity of 12.24%. On average, analysts forecast that Agronomics Limited will post 1.8426626 earnings per share for the current fiscal year.

Insider Transactions at Agronomics

In related news, insider James (Jim) Mellon bought 1,475,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of GBX 7 per share, with a total value of £103,250. Insiders acquired a total of 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.

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.