Eden Research (LON:EDEN) Shares Up 26.5% – Here’s What Happened

Eden Research plc (LON:EDEN)’s share price shot up 26.5% during mid-day trading on Wednesday . The company traded as high as GBX 3.48 ($0.05) and last traded at GBX 3.48 ($0.05). 778,726 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 670,749 shares. The stock had previously closed at GBX 2.75 ($0.04).

Eden Research Stock Up 13.4%

The company has a market cap of £20.27 million, a PE ratio of -13.31 and a beta of 0.92. The stock’s 50 day moving average price is GBX 2.79 and its 200-day moving average price is GBX 3.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.42 and a current ratio of 3.80.

Eden Research (LON:EDEN) last announced its quarterly earnings data on Tuesday, May 6th. The company reported GBX (0.36) ($0.00) earnings per share (EPS) for the quarter. Eden Research had a negative net margin of 38.70% and a negative return on equity of 11.63%. On average, analysts predict that Eden Research plc will post -66.0000038 earnings per share for the current year.

Insider Buying and Selling at Eden Research

In other news, insider Alexander John Abrey purchased 167,947 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of GBX 3 ($0.04) per share, with a total value of £5,038.41 ($6,705.36). Also, insider Sean M. Smith acquired 426,986 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was bought at an average price of GBX 234 ($3.11) per share, with a total value of £999,147.24 ($1,329,714.19). 14.02% of the stock is currently owned by corporate insiders.

About Eden Research

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.