Agronomics (LON:ANIC) Shares Down 3.5% – What’s Next?

Agronomics Limited (LON:ANIC)’s stock price fell 3.5% during trading on Friday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.80 ($0.09). 1,500,093 shares were traded during trading, a decline of 54% from the average session volume of 3,279,312 shares. The stock had previously closed at GBX 7.05 ($0.10).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective on Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a “buy” rating for the company in a research note on Monday, March 17th.

Agronomics Trading Down 3.5%

The firm has a market capitalization of £67.52 million, a price-to-earnings ratio of -152.02 and a beta of 1.47. The company has a fifty day moving average price of GBX 6.56 and a two-hundred day moving average price of GBX 5.74.

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.