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

EcoSynthetix Inc. (TSE:ECOGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.21 and traded as high as C$4.23. EcoSynthetix shares last traded at C$4.07, with a volume of 8,504 shares.

EcoSynthetix Price Performance

The company has a market cap of C$235.16 million, a PE ratio of -80.00 and a beta of 0.87. The company has a debt-to-equity ratio of 1.04, a current ratio of 20.06 and a quick ratio of 12.67. The company has a 50-day moving average price of C$4.09 and a two-hundred day moving average price of C$4.20.

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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