Eden Research (LON:EDEN) Stock Price Up 13.3% on Insider Buying Activity

Eden Research plc (LON:EDENGet Free Report) was up 13.3% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 4.12 ($0.05) and last traded at GBX 4.08 ($0.05). Approximately 11,401,455 shares changed hands during mid-day trading, an increase of 633% from the average daily volume of 1,555,721 shares. The stock had previously closed at GBX 3.60 ($0.04).

Specifically, insider Alexander John Abrey purchased 540,540 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £21,621.60 ($26,919.32).

Eden Research Price Performance

The company has a 50 day moving average of GBX 3.89 and a 200 day moving average of GBX 4.01. The stock has a market capitalization of £21.01 million, a price-to-earnings ratio of -200.00 and a beta of 0.92. The company has a quick ratio of 2.42, a current ratio of 3.80 and a debt-to-equity ratio of 1.25.

Eden Research Company Profile

(Get Free Report)

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.

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