Edx Medical Group (LON:EDX) Stock Jumps 13.8% Following Insider Buying Activity

Edx Medical Group (LON:EDX) rose 13.8% during mid-day trading on Thursday following insider buying activity. The stock traded as high as GBX 7.50 and last traded at GBX 7.40. 148,517 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 71,399 shares. The stock had previously closed at GBX 6.50.

Specifically, insider Michael Hudson bought 25,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average cost of GBX 7 per share, for a total transaction of £1,750. Also, insider Michael Hudson bought 75,000 shares of Edx Medical Group stock in a transaction dated Wednesday, November 4th. The shares were bought at an average cost of GBX 7 per share, for a total transaction of £5,250.

Edx Medical Group Stock Performance

The firm has a 50-day moving average price of GBX 8.77. The company has a market capitalization of £31.92 million and a price-to-earnings ratio of -4.97.

Edx Medical Group (LON:EDX) last released its earnings results on Thursday, September 3rd. The company reported GBX (1.50) earnings per share for the quarter.

About Edx Medical Group

EDX Medical Group plc is a United Kingdom-based medical diagnostics company focused on developing and commercializing clinical tests intended to support the detection, diagnosis and management of disease. Its work is centered on molecular and genetic testing, with an emphasis on providing more personalized information to healthcare professionals and patients.

The company’s activities include the development of diagnostic and screening products for applications such as cancer and other significant health conditions.