EcoSynthetix (TSE:ECO) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• EcoSynthetix's stock price has crossed above its 200-day moving average, trading at C$4.23, up from a 200-day average of C$4.18.
• The company has a market cap of C$248.28 million and a PE ratio of -423.00, indicating significant financial variability.
• EcoSynthetix focuses on developing bio-based technologies as alternatives to synthetic adhesives, aiming to promote ecological sustainability.

EcoSynthetix Inc. (TSE:ECO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.18 and traded as high as C$4.32. EcoSynthetix shares last traded at C$4.23, with a volume of 28,400 shares changing hands.

EcoSynthetix Stock Performance

The firm's 50-day moving average price is C$4.22 and its two-hundred day moving average price is C$4.17. The stock has a market cap of C$252.38 million, a price-to-earnings ratio of -430.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05.

EcoSynthetix Company Profile

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.