Agronomics (LON:ANIC) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Agronomics (LON:ANIC) in a report published on Friday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 17.50 ($0.22) price objective on the stock.

Agronomics Price Performance

The firm has a 50 day moving average of GBX 4.43 and a 200 day moving average of GBX 5.81. The stock has a market cap of £38.38 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. Agronomics has a 1 year low of GBX 3.70 ($0.05) and a 1 year high of GBX 14.01 ($0.18).

Insiders Place Their Bets

In other news, insider James (Jim) Mellon acquired 1,000,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average cost of GBX 5 ($0.06) per share, with a total value of £50,000 ($63,686.15). Corporate insiders own 16.63% of the company’s stock.

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.