UK cellular agriculture firm Agronomics reports 4.2% drop in Net Asset Value to 15.73 pence per share.

Agronomics Limited, a UK company in cellular agriculture, reported a 4.2% drop in its unaudited Net Asset Value (NAV) to 15.73 pence per share as of September 30, 2024, down from 16.42 pence in June. The decline is attributed to foreign exchange losses and reduced values of investments. Despite this, the company believes the 68% discount between its NAV and share price is unjustified, noting significant funding rounds and progress by portfolio companies towards commercialization.

2 months ago
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