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

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 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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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