Eden Research (LON:EDEN) Shares Down 6.8% – Here’s Why

Eden Research plc (LON:EDEN) traded down 6.8% on Friday . The company traded as low as GBX 3.17 ($0.04) and last traded at GBX 3.17 ($0.04). 1,305,808 shares traded hands during mid-day trading, an increase of 156% from the average session volume of 509,970 shares. The stock had previously closed at GBX 3.40 ($0.05).

Eden Research Price Performance

The firm has a market capitalization of £16.89 million, a P/E ratio of -11.09 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.42 and a current ratio of 3.80. The business has a 50 day simple moving average of GBX 3.53 and a two-hundred day simple moving average of GBX 3.33.

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.