Eden Innovation’s Share Price Continues to Soar — Up 13%

With a massive volume of trading happening around it, Eden Innovation’s [ASX:EDE] share price has soared 13.1% today.

As we have covered recently, Eden Innovation’s share price has been flying up despite the ASX looking at it with some suspicion.

market index eden

Source: marketindex.com.au

Recently, the ASX wrote a ‘please explain’ letter to the company over the company’s share price appearing to go up with no relevant announcements to its name.

Eden Innovations isn’t the only graphene stock that could rise; have a look at our free report covering other graphene plays here.

Eden Innovation’s stock rises on potential growth in US orders

The company has responded to the queries by pointing to its announcement of an increase in US orders.

These orders could be set to grow from US infrastructure spending. Even if the Democrats come to power in the US mid-terms, Trump may strike an infrastructure deal with them.

Eden Innovation’s flagship product is a graphene enhance concrete admixture called EdenCrete®, which makes concrete significantly more durable and weather-resistant.

Graphene is a potentially ground-breaking material that could come to play a dominant role in our lives in the years to come.

Eden Innovations isn’t the only graphene stock that could rise; have a look at our free report covering other graphene plays here.

Eden Innovation’s stock rises on potential growth in US orders

The company has responded to the queries by pointing to its announcement of an increase in US orders.

These orders could be set to grow from US infrastructure spending. Even if the Democrats come to power in the US mid-terms, Trump may strike an infrastructure deal with them.

Eden Innovation’s flagship product is a graphene enhance concrete admixture called EdenCrete®, which makes concrete significantly more durable and weather-resistant.

Graphene is a potentially ground-breaking material that could come to play a dominant role in our lives in the years to come.

Graphene’s unique properties

One scientist compared graphene with other materials to describe its properties:

To put this in perspective, graphene by weight is hundreds of times stronger than steel. I’ve seen one calculation that one sheet of graphene, which is one atom-layer thick, you could put an elephant on it and it wouldn’t break.

Another described government involvement in graphene research:

Just about all of the economic superpowers across the globe have some sort of focus on graphene. I mean, China, Britain, Russia, India, US, Ireland, and Germany all have some sort of focus on the national level that are supporting university and entrepreneurial efforts to get graphene off the ground because whoever cracks that code first is really going to have a major economic leg up across the global market’.

Comments such as these support the growing excitement surrounding graphene and graphene stocks.

Eden Innovation could be uniquely positioned to benefit from any further growth in this excitement.

Regards,

Ryan Dinse,
For Money Morning

PS: If you think graphene excitement could take off in the coming years you should check out this free report by Money Morning’s Harje Ronngard on the state of play for graphene stocks. Download it here for free.


Ryan Dinse is an Editor at Money Morning.

He has worked in finance and investing for the past two decades as a financial planner, senior credit analyst, equity trader and fintech entrepreneur.

With an academic background in economics, he believes that the key to making good investments is investing appropriately at each stage of the economic cycle.

Different market conditions provide different opportunities. Ryan combines fundamental, technical and economic analysis with the goal of making sure you are in the right investments at the right time.

Ryan's premium publications include:


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