Agronomics (LON:ANIC) Stock Price Down 1.3% – Here’s Why

Agronomics Limited (LON:ANIC)’s stock price dropped 1.3% during trading on Wednesday . The company traded as low as GBX 5.95 and last traded at GBX 6.02. Approximately 6,702,754 shares traded hands during mid-day trading, an increase of 117% from the average daily volume of 3,086,096 shares. The stock had previously closed at GBX 6.10.

Agronomics Stock Down 2.6%

The business has a 50-day simple moving average of GBX 6.29 and a two-hundred day simple moving average of GBX 6.89. The company has a market cap of £61.76 million, a price-to-earnings ratio of -1.80 and a beta of 1.47.

Agronomics (LON:ANIC) last announced its quarterly earnings results on Tuesday, December 30th. The company reported GBX (3.24) EPS for the quarter. Agronomics had a negative net margin of 71.96% and a negative return on equity of 0.27%. As a group, equities analysts anticipate that Agronomics Limited will post 1.8426626 earnings per share for the current year.

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. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.