EcoSynthetix (TSE:ECO) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of EcoSynthetix Inc. (TSE:ECOGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.16 and traded as high as C$4.48. EcoSynthetix shares last traded at C$4.34, with a volume of 7,433 shares changing hands.

EcoSynthetix Stock Performance

The company has a current ratio of 14.05, a quick ratio of 12.67 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of C$254.73 million, a price-to-earnings ratio of -434.00 and a beta of 0.24. The company has a 50-day moving average of C$4.25 and a 200-day moving average of C$4.16.

About EcoSynthetix

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EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform.

Further Reading

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