Eden Research (LON:EDEN) Stock Price Up 16.2% Following Insider Buying Activity

Eden Research plc (LON:EDENGet Free Report)’s share price rose 16.2% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 4.18 ($0.05) and last traded at GBX 4.18 ($0.05). Approximately 11,679,602 shares were traded during trading, an increase of 643% from the average daily volume of 1,571,173 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 Stock Performance

The firm has a market cap of £22.31 million, a PE ratio of -200.00 and a beta of 0.92. 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 company has a 50-day simple moving average of GBX 3.88 and a two-hundred day simple moving average of GBX 4.02.

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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