Eden Research (LON:EDEN) Trading 12.1% Higher Following Insider Buying Activity

Eden Research plc (LON:EDEN) shares were up 12.1% during trading on Tuesday following insider buying activity. The company traded as high as GBX 4.12 ($0.05) and last traded at GBX 4.03 ($0.05). Approximately 11,523,212 shares were traded during trading, an increase of 637% from the average daily volume of 1,562,485 shares. The stock had previously closed at GBX 3.60 ($0.04).

Specifically, insider Alexander John Abrey bought 540,540 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £21,621.60 ($26,902.58).

Eden Research Price Performance

The stock has a market capitalization of £19.73 million, a P/E ratio of -200.00 and a beta of 0.92. The business’s 50 day simple moving average is GBX 3.88 and its two-hundred day simple moving average is 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.

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.