Eden Research (LON:EDEN) Trading 2.8% Higher Following Insider Buying Activity

Eden Research plc (LON:EDEN) shot up 2.8% during trading on Tuesday following insider buying activity. The company traded as high as GBX 4.18 ($0.05) and last traded at GBX 3.70 ($0.05). 12,234,783 shares were traded during 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 that occurred on Tuesday, January 28th. The stock was purchased at an average price of GBX 4 ($0.05) per share, for a total transaction of £21,621.60 ($26,902.58).

Eden Research Stock Up 2.8 %

The company has a current ratio of 3.80, a quick ratio of 2.42 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is GBX 3.88 and its 200-day moving average price is GBX 4.01. The company has a market cap of £19.73 million, a price-to-earnings ratio of -200.00 and a beta of 0.92.

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.