Eden Research (LON:EDEN) Trading 2.8% Higher on Insider Buying Activity

Eden Research plc (LON:EDEN)’s stock price traded up 2.8% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 4.18 ($0.05) and last traded at GBX 3.70 ($0.05). 12,234,783 shares traded hands during mid-day trading, an increase of 664% from the average session volume of 1,602,016 shares. The stock had previously closed at GBX 3.60 ($0.04).

Specifically, insider Alexander John Abrey bought 540,540 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,902.58).

Eden Research Stock Up 2.8 %

The company has a current ratio of 3.80, a quick ratio of 2.42 and a debt-to-equity ratio of 1.25. The company has a market cap of £19.73 million, a price-to-earnings ratio of -200.00 and a beta of 0.92. The business has a fifty day moving average price of GBX 3.88 and a two-hundred day moving average price of GBX 4.01.

Eden Research Company Profile

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites.