EcoSynthetix (TSE:ECO) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• EcoSynthetix Inc. shares crossed above the 200-day moving average during trading, with a current market price of C$4.30 compared to the average of C$4.14.
• The company has a market capitalization of C$252.38 million and a low price-to-earnings ratio of -430.00, indicating current losses.
• EcoSynthetix specializes in developing renewable bio-based technologies as alternatives to petrochemical-based products, focusing on sustainability in the adhesives market.

EcoSynthetix Inc. (TSE:ECO - ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.14 and traded as high as C$4.38. EcoSynthetix shares last traded at C$4.30, with a volume of 3,300 shares trading hands.

EcoSynthetix Stock Performance

The stock has a market capitalization of C$252.38 million, a price-to-earnings ratio of -430.00 and a beta of 0.24. The company has a current ratio of 14.05, a quick ratio of 12.67 and a debt-to-equity ratio of 0.84. The stock's 50 day moving average is C$4.22 and its two-hundred day moving average is C$4.14.

About EcoSynthetix

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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