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EcoSynthetix (TSE:ECO) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

EcoSynthetix logo with Basic Materials background
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EcoSynthetix Inc. (TSE:ECO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.25 and traded as high as C$5.05. EcoSynthetix shares last traded at C$4.99, with a volume of 10,104 shares trading hands.

EcoSynthetix Stock Performance

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 company has a market capitalization of C$201.25 million, a P/E ratio of -115.82 and a beta of 0.87. The business's fifty day simple moving average is C$4.44 and its 200-day simple moving average is C$4.27.

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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