Eden Research (LON:EDEN) Shares Up 2.8% After Insider Buying Activity

Eden Research plc (LON:EDEN)’s share price rose 2.8% during mid-day trading on Wednesday following insider buying activity. The company traded as high as GBX 4.18 ($0.05) and last traded at GBX 3.70 ($0.05). Approximately 12,234,783 shares were traded during mid-day trading, an increase of 664% from the average daily volume of 1,602,016 shares. The stock had previously closed at GBX 3.60 ($0.04).

Specifically, insider Alexander John Abrey purchased 540,540 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,919.32).

Eden Research Stock Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 3.80 and a quick ratio of 2.42. The firm has a market capitalization of £20.80 million, a P/E ratio of -200.00 and a beta of 0.92. The stock’s 50 day moving average is GBX 3.89 and its two-hundred day moving average is GBX 4.01.

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.