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

Eden Research plc (LON:EDEN)’s stock price traded up 2.8% during 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 were traded 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 Eden Research stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of GBX 4 ($0.05) per share, for a total transaction of £21,621.60 ($26,902.58).

Eden Research Trading Up 2.8 %

The business has a 50-day moving average price of GBX 3.88 and a 200-day moving average price of GBX 4.01. The company has a quick ratio of 2.42, a current ratio of 3.80 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of £19.73 million, a P/E ratio of -200.00 and a beta of 0.92.

About Eden Research

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.