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

Eden Research plc (LON:EDENGet Free Report)’s stock price shot up 2.8% 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 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 firm’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,902.58).

Eden Research Trading Up 2.8 %

The company has a fifty day moving average of GBX 3.88 and a two-hundred day moving average 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 stock has a market capitalization of £19.73 million, a price-to-earnings ratio of -200.00 and a beta of 0.92.

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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