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

Eden Research plc (LON:EDEN)’s share price rose 2.8% during mid-day trading on Wednesday 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). Approximately 12,234,783 shares traded hands during trading, an increase of 664% from the average daily 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 business’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,852.46).

Eden Research Price Performance

The company has a market cap of £21.01 million, a PE ratio of -200.00 and a beta of 0.92. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.80 and a quick ratio of 2.42. The stock’s 50-day moving average is GBX 3.89 and its 200 day moving average is GBX 4.

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.