Eden Research (LON:EDEN) Shares Up 11.9% Following Insider Buying Activity

Eden Research plc (LON:EDENGet Free Report)’s share price shot up 11.9% 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). 11,524,709 shares traded hands during mid-day trading, an increase of 638% from the average session volume of 1,562,568 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 on Tuesday, January 28th. The shares were bought 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 debt-to-equity ratio of 1.25, a quick ratio of 2.42 and a current ratio of 3.80. The company’s 50-day moving average price is GBX 3.88 and its 200-day moving average price is GBX 4.01. The firm has a market capitalization of £19.73 million, a PE ratio of -200.00 and a beta of 0.92.

About Eden Research

(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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