Agronomics Limited (LON:ANIC) Insider Acquires £50,000 in Stock

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

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

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

Agronomics Price Performance

Shares of ANIC stock opened at GBX 5.05 ($0.07) on Monday. The company has a market cap of £51.01 million, a PE 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). The stock’s 50 day simple moving average is GBX 5.44 and its two-hundred day simple moving average is GBX 6.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 17.50 ($0.23) price objective 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.