Eden Research (LON:EDEN) Trading Up 16.3% – What’s Next?

Eden Research plc (LON:EDEN) was up 16.3% during mid-day trading on Friday . The stock traded as high as GBX 3.20 and last traded at GBX 3.20. Approximately 740,077 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 646,388 shares. The stock had previously closed at GBX 2.75.

Eden Research Trading Up 16.4%

The company has a quick ratio of 2.42, a current ratio of 2.17 and a debt-to-equity ratio of 5.41. The company’s 50 day simple moving average is GBX 3.41 and its 200-day simple moving average is GBX 2.99. The firm has a market cap of £19.63 million, a P/E ratio of -7.22 and a beta of 0.92.

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.