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EcoSynthetix (TSE:ECO) Shares Cross Above Two Hundred Day Moving Average - What's Next?

EcoSynthetix logo with Basic Materials background

Key Points

  • EcoSynthetix Inc. shares crossed above their 200-day moving average of C$4.27, trading at C$4.31 before closing at C$4.25.
  • The company has a market cap of C$172.79 million and a price-to-earnings ratio of -99.44, indicating negative earnings.
  • EcoSynthetix focuses on developing ecologically friendly bio-based technologies as alternatives to synthetic, petrochemical-based products.
  • Want stock alerts on EcoSynthetix? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

EcoSynthetix Inc. (TSE:ECO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.27 and traded as high as C$4.31. EcoSynthetix shares last traded at C$4.25, with a volume of 2,574 shares trading hands.

EcoSynthetix Stock Down 1.2%

The firm's 50-day simple moving average is C$4.15 and its 200 day simple moving average is C$4.27. The company has a market cap of C$166.29 million, a P/E ratio of -95.70 and a beta of 0.87. 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

(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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