Agronomics Limited (LON:ANIC) Insider James (Jim) Mellon Buys 1,300,000 Shares

Agronomics Limited (LON:ANIC) insider James (Jim) Mellon bought 1,300,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £52,000 ($65,008.13).

Agronomics Price Performance

ANIC stock opened at GBX 4 ($0.05) on Thursday. Agronomics Limited has a 1-year low of GBX 3.65 ($0.05) and a 1-year high of GBX 10.40 ($0.13). The firm has a fifty day moving average price of GBX 3.94 and a two-hundred day moving average price of GBX 4.73. The firm has a market cap of £40.40 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

Analyst Upgrades and Downgrades

ANIC has been the subject of a number of research analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 17.50 ($0.22) price target on shares of Agronomics in a research note on Friday, November 29th. Canaccord Genuity Group restated a “buy” rating and set a GBX 16.50 ($0.21) price objective (down previously from GBX 17 ($0.21)) on shares of Agronomics in a research note on Thursday, January 30th.

About Agronomics

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.