Seed Innovations (LON:SEED) Trading Down 6.5% – What’s Next?

Seed Innovations Limited (LON:SEED)’s share price was down 6.5% during mid-day trading on Monday . The company traded as low as GBX 1.42 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 314,607 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 724,945 shares. The stock had previously closed at GBX 1.55 ($0.02).

Seed Innovations Stock Performance

The firm has a market capitalization of £2.80 million, a P/E ratio of -145.00 and a beta of 0.78. The stock has a 50 day moving average of GBX 1.51 and a 200-day moving average of GBX 1.69.

Insider Activity

In other news, insider Edward (Ed) Peter McDermott purchased 1,450,000 shares of the stock in a transaction dated Monday, September 2nd. The shares were purchased at an average cost of GBX 151 ($1.90) per share, with a total value of £2,189,500 ($2,749,937.20). Also, insider Lance De Jersey acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,559.66). Insiders own 30.58% of the company’s stock.

Seed Innovations Company Profile

Seed Innovations Limited, is a venture capital firm specializing in early stage investments. The firm prefers to focus on investments in innovative lifestyle, wellness, health, medical cannabis the technology sector and life sciences, medical cannabis and pharmaceuticals. It typically invests in North America and Europe but will consider investments elsewhere in the world.