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EcoSynthetix (TSE:ECO) Shares Pass Above 200-Day Moving Average - Here's Why

EcoSynthetix logo with Basic Materials background

Shares of EcoSynthetix Inc. (TSE:ECO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.19 and traded as high as C$4.25. EcoSynthetix shares last traded at C$4.16, with a volume of 7,432 shares changing hands.

EcoSynthetix Stock Performance

The company's 50 day moving average is C$4.11 and its 200-day moving average is C$4.19. The company has a current ratio of 20.06, a quick ratio of 12.67 and a debt-to-equity ratio of 1.04. The company has a market capitalization of C$246.92 million, a P/E ratio of -84.00 and a beta of 0.87.

About EcoSynthetix

(Get Free Report)

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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