Eden Research (LON:EDEN) Trading Up 2.6% – Time to Buy?

Eden Research plc (LON:EDEN) rose 2.6% during trading on Wednesday . The stock traded as high as GBX 2.78 and last traded at GBX 2.72. Approximately 1,402,147 shares were traded during trading, an increase of 84% from the average daily volume of 760,036 shares. The stock had previously closed at GBX 2.65.

Eden Research Price Performance

The company has a debt-to-equity ratio of 1.26, a current ratio of 3.80 and a quick ratio of 2.42. The stock’s fifty day moving average is GBX 2.45 and its 200-day moving average is GBX 2.89. The stock has a market cap of £17.74 million, a PE ratio of -7.50 and a beta of 0.92.

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. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.