Eden Research (LON:EDEN) Trading Up 16.7% – Time to Buy?

Eden Research plc (LON:EDEN)’s stock price was up 16.7% on Tuesday . The stock traded as high as GBX 4.98 and last traded at GBX 4.90. Approximately 1,670,452 shares changed hands during trading, an increase of 50% from the average daily volume of 1,110,116 shares. The stock had previously closed at GBX 4.20.

Eden Research Trading Up 16.7%

The company has a market capitalization of £26.13 million, a price-to-earnings ratio of -11.06 and a beta of 0.92. The business has a fifty day moving average price of GBX 2.64 and a 200 day moving average price of GBX 2.87. The company has a debt-to-equity ratio of 1.26, 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. 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.