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

Shares of Eden Research plc (LON:EDEN) were up 2.8% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 4.18 ($0.05) and last traded at GBX 3.70 ($0.05). Approximately 12,234,783 shares traded hands during 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 bought 540,540 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 4 ($0.05) per share, with a total value of £21,621.60 ($26,902.58).

Eden Research Stock Performance

The company has a fifty day moving average of GBX 3.88 and a two-hundred day moving average of GBX 4.01. 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 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.