EcoSynthetix (OTC:ECSNF) Stock Price Down 18.9% – Time to Sell?

EcoSynthetix Inc. (OTC:ECSNFGet Free Report)’s share price fell 18.9% on Friday . The stock traded as low as $2.79 and last traded at $2.79. 2,154 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 1,594 shares. The stock had previously closed at $3.44.

EcoSynthetix Stock Down 18.9 %

The stock’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $3.48.

About EcoSynthetix

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EcoSynthetix Inc, a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products worldwide. The company offers EcoMer biomonomer for use in pressure sensitive adhesives, ink, toner resins, and paints; EcoSphere biolatex, a bio-based latex binder used in paper and paperboard industry; EcoStix, a family of sugar-acrylic and pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers that enable manufacturers of particle board, MDF, and OSB to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.

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