Agronomics Limited (LON:ANIC) Insider James (Jim) Mellon Buys 1,000,000 Shares

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 5 ($0.07) per share, for a total transaction of £50,000 ($65,436.46).

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

• On Monday, October 7th, James (Jim) Mellon bought 2,000,000 shares of Agronomics stock. The shares were bought at an average cost of GBX 5 ($0.07) per share, with a total value of £100,000 ($130,872.92).

Agronomics Stock Performance

Shares of ANIC opened at GBX 5 ($0.07) on Friday. The firm has a fifty day moving average of GBX 5.46 and a 200-day moving average of GBX 6.79. The company has a market cap of £50.50 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. Agronomics Limited has a 1 year low of GBX 3.85 ($0.05) and a 1 year high of GBX 14.01 ($0.18).

Analyst Upgrades and Downgrades

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

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.