Eden Research (LON:EDEN) Trading Up 2.8% After Insider Buying Activity

Eden Research plc (LON:EDEN)’s share price traded up 2.8% on Tuesday after an insider bought additional shares in the company. 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 acquired 540,540 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,902.58).

Eden Research Price Performance

The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.42 and a current ratio of 3.80. The stock has a market capitalization of £19.73 million, a price-to-earnings ratio of -200.00 and a beta of 0.92. The business’s 50 day simple moving average is GBX 3.88 and its 200-day simple moving average is 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.