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EcoSynthetix (TSE:ECO) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

EcoSynthetix logo with Basic Materials background
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Shares of EcoSynthetix Inc. (TSE:ECO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.28 and traded as high as C$4.78. EcoSynthetix shares last traded at C$4.68, with a volume of 9,103 shares changing hands.

EcoSynthetix Stock Performance

The company's fifty day moving average price is C$4.50 and its 200 day moving average price is C$4.28. The company has a market cap of C$184.18 million, a PE ratio of -105.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a current ratio of 14.05 and a quick ratio of 12.67.

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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