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

Eden Research plc (LON:EDEN)’s stock price shot up 2.8% during mid-day trading 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 company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average price of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,902.58).

Eden Research Stock Performance

The firm’s 50 day moving average price is GBX 3.88 and its two-hundred day moving average price is GBX 4.01. 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 firm has a market cap of £19.73 million, a PE 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.