Eden Research (EDEN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

2.77p
   
  • Change Today:
      0.017p
  • 52 Week High: 4.90
  • 52 Week Low: 2.35
  • Currency: UK Pounds
  • Shares Issued: 533.35m
  • Volume: 25,000
  • Market Cap: £14.76m
  • Beta: 0.04

Eden Research fungicide added to German organics list

By Josh White

Date: Wednesday 11 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Sustainable biopesticides and biocontrol specialist Eden Research announced on Wednesday that its flagship fungicide Mevalone has been added to the Organic Input List by FiBL Germany - a key certification for products used in organic farming.
The AIM-traded firm said the inclusion followed the approval of Mevalone in Germany earlier in the year.

It said the Organic Input List is managed by the Research Institute of Organic Agriculture (FiBL), an organisation focussed on sustainability and organic farming standards.

The certification confirmed that Mevalone met stringent requirements for use in organic production across Germany and several other countries.

Eden said the registration aligned with Germany's 2030 organic strategy, which aimed to increase organic farmland to 30% by the end of the decade - exceeding the EU Green Deal target of 25%.

Mevalone could play a pivotal role in helping German farmers meet those goals while maintaining productivity, the company explained, by providing effective control of fungal diseases in compliance with organic standards.

"Mevalone's inclusion in the Organic Input List by FiBL Germany provides us with another vital organic registration in an important market, following in the footsteps of Greece, Italy, and France," said chief executive officer Sean Smith.

"Our products' organic compliance demonstrates their sustainable qualities based on Eden's terpene chemistry, as well as their strong efficacy, even when compared with conventional pesticides."

Smith said Germany currently had about 10% of its apple orchards and 15% of vineyard areas dedicated to organic farming, adding that indications were that the proportions of organic farmland were growing rapidly.

"Against this backdrop, we have strategically positioned Mevalone as one of the leading alternative fungicide products that fits both the conventional and organic farming needs."

At 1100 GMT, shares in Eden Research were up 3.9% at 4p.

Reporting by Josh White for Sharecast.com.

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Eden Research Market Data

Currency UK Pounds
Share Price 2.77p
Change Today 0.017p
% Change 0.61 %
52 Week High 4.90
52 Week Low 2.35
Volume 25,000
Shares Issued 533.35m
Market Cap £14.76m
Beta 0.04

Eden Research Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.3% below the market average5.3% below the market average5.3% below the market average5.3% below the market average5.3% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income Not Available
Growth
52.11% above the market average52.11% above the market average52.11% above the market average52.11% above the market average52.11% above the market average
56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average

Eden Research Dividends

No dividends found

Trades for 09-May-2025

Time Volume / Share Price
08:00 25,000 @ 2.77p

Eden Research Key Personnel

CFO Alexander John Abrey
CEO Sean M. Smith

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