Seed Innovations (LON:SEED) Share price up 8.5% on insider buying activity

Seed Innovations Limited ( LON:SEED – Get your free report ) share price rose 8.5% during trading on Tuesday on insider buying activity. The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.60 ($0.02). 3,549,442 shares traded hands during trading, an increase of 324% from the average session volume of 837,888 shares. The stock had previously closed at GBX 1.47 ($0.02).

Specifically, insider Edward (Ed) Peter McDermott purchased 1,450,000 shares of the company’s stock in a transaction dated Monday, September 2nd. The shares were purchased at an average price of GBX 151 ($1.99) per share, with a total value of GBX 2,189,500 ($2,879,026.96). Also, insider Lance De Jersey purchased 1,000,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of GBX 10,000 ($13,149.24).

Seed Innovation Stocks Up 8.5%

The firm has a market cap of £3.09 million, a price-to-earnings ratio of -160.00 and a beta of 0.80. The stock has a fifty day moving average price of GBX 1.63 and a 200 day moving average price of GBX 1.95.

About Seed Innovations

(Get a free report)

Seed Innovations Limited, is a venture capital firm specializing in early stage investments. The firm prefers to focus on investments in innovative lifestyle, wellness, health, medical cannabis, technology and life sciences, medical cannabis and pharmaceuticals sectors. It typically invests in North America and Europe, but will consider investing in other parts of the world.

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