EcoSynthetix (TSE:ECO) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

EcoSynthetix Inc. (TSE:ECOGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.34 and traded as high as C$4.46. EcoSynthetix shares last traded at C$4.40, with a volume of 44,900 shares traded.

EcoSynthetix Stock Down 3.9 %

The stock has a market cap of C$178.48 million, a price-to-earnings ratio of -102.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The firm’s 50-day simple moving average is C$4.58 and its two-hundred day simple moving average is C$4.34.

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.

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