EcoSynthetix (TSE:ECO) Stock Passes Above 200 Day Moving Average – Here’s Why

EcoSynthetix Inc. (TSE:ECOGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.29 and traded as high as C$4.57. EcoSynthetix shares last traded at C$4.42, with a volume of 13,770 shares changing hands.

EcoSynthetix Price Performance

The company has a market cap of C$179.70 million, a P/E ratio of -103.42 and a beta of 0.87. The company has a fifty day moving average price of C$4.50 and a two-hundred day moving average price of C$4.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05.

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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