Seed Innovations (LON:SEED) Stock Price Up 8.5% Following Insider Buying Activity

Seed Innovations Limited (LON:SEED)’s share price shot up 8.5% during trading on Tuesday following 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 bought 1,450,000 shares of the company’s stock in a transaction dated Monday, September 2nd. The shares were acquired at an average price of GBX 151 ($1.99) per share, with a total value of £2,189,500 ($2,879,026.96). Also, insider Lance De Jersey bought 1,000,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($13,149.24).

Seed Innovations Stock 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

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 the technology sector and life sciences, medical cannabis and pharmaceuticals. It typically invests in North America and Europe but will consider investments elsewhere in the world.