EcoSynthetix (TSE:ECO) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of EcoSynthetix Inc. (TSE:ECOGet 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.

EcoSynthetix Price Performance

The company has a quick ratio of 12.67, a current ratio of 14.05 and a debt-to-equity ratio of 0.84. The company has a market capitalization of C$181.74 million, a P/E ratio of -104.59 and a beta of 0.87. The company’s 50-day simple moving average is C$4.51 and its 200 day simple moving average is C$4.30.

EcoSynthetix Company Profile

(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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