Eden Research (LON:EDEN) Shares Up 11.9% Following Insider Buying Activity

Eden Research plc (LON:EDEN) shares shot up 11.9% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 4.12 ($0.05) and last traded at GBX 4.03 ($0.05). 11,524,709 shares changed hands during trading, an increase of 638% from the average session volume of 1,562,568 shares. The stock had previously closed at GBX 3.60 ($0.04).

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

Eden Research Price Performance

The stock has a market capitalization of £20.80 million, a P/E ratio of -200.00 and a beta of 0.92. The company’s 50-day simple moving average is GBX 3.89 and its 200-day simple moving average is GBX 4.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.80 and a quick ratio of 2.42.

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.