Seed Innovations (LON:SEED) Stock Price Down 6.5% – Should You Sell?

Seed Innovations Limited (LON:SEED)’s share price dropped 6.5% on Monday . The stock traded as low as GBX 1.42 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 314,607 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 724,945 shares. The stock had previously closed at GBX 1.55 ($0.02).

Seed Innovations Stock Down 6.5 %

The firm’s 50-day simple moving average is GBX 1.51 and its 200-day simple moving average is GBX 1.69. The firm has a market capitalization of £2.80 million, a PE ratio of -145.00 and a beta of 0.78.

Insider Activity

In other Seed Innovations news, insider Lance De Jersey acquired 1,000,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,559.66). Also, insider Edward (Ed) Peter McDermott bought 1,450,000 shares of the firm’s stock in a transaction that occurred on Monday, September 2nd. The shares were acquired at an average price of GBX 151 ($1.90) per share, with a total value of £2,189,500 ($2,749,937.20). Insiders own 30.58% of the company’s stock.

About Seed Innovations

Seed Innovations Limited, is a venture capital firm specializing in early stage investments. The firm prefers to focus on investments in innovative lifestyle, wellness, health, medical cannabis the technology sector and life sciences, medical cannabis and pharmaceuticals. It typically invests in North America and Europe but will consider investments elsewhere in the world.