Eden Research (LON:EDEN) Trading 26.5% Higher – Time to Buy?

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

Eden Research Price Performance

The company has a quick ratio of 2.42, a current ratio of 3.80 and a debt-to-equity ratio of 1.26. The company has a market cap of £20.27 million, a price-to-earnings ratio of -13.31 and a beta of 0.92. The company has a fifty day simple moving average of GBX 2.79 and a two-hundred day simple moving average of GBX 3.43.

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

Insider Activity at Eden Research

In other Eden Research news, insider Sean M. Smith bought 426,986 shares of Eden Research stock in a transaction that occurred on Tuesday, April 1st. The shares were purchased at an average cost of GBX 234 ($3.11) per share, for a total transaction of £999,147.24 ($1,329,714.19). Also, insider Alexander John Abrey bought 167,947 shares of Eden Research stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of GBX 3 ($0.04) per share, for a total transaction of £5,038.41 ($6,705.36). Corporate insiders own 14.02% of the company’s stock.

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.