Agronomics (LON:ANIC) Stock Price Down 1.4% – Time to Sell?

Agronomics Limited (LON:ANICGet Free Report) fell 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 7 ($0.09). 1,203,053 shares were traded during mid-day trading, a decline of 68% from the average session volume of 3,782,923 shares. The stock had previously closed at GBX 7.10 ($0.09).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on shares of Agronomics from GBX 16 ($0.21) to GBX 15.90 ($0.21) and set a “buy” rating for the company in a research note on Monday, March 17th.

Check Out Our Latest Stock Analysis on Agronomics

Agronomics Price Performance

The company has a market cap of £69.51 million, a price-to-earnings ratio of -156.49 and a beta of 1.47. The business’s 50-day simple moving average is GBX 6.41 and its 200-day simple moving average is GBX 5.12.

About Agronomics

(Get Free Report)

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.

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