EcoSynthetix (TSE:ECO) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• EcoSynthetix Inc. stock price surpassed its 200-day moving average of C$4.16, reaching a high of C$4.30 during trading.
• The company's market capitalization is C$244.17 million with a P/E ratio of -416.00 and a low beta of 0.31.
• EcoSynthetix specializes in renewable chemicals, focusing on eco-friendly bio-based technologies as alternatives to synthetic products.

EcoSynthetix Inc. (TSE:ECO - )'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.16 and traded as high as C$4.30. EcoSynthetix shares last traded at C$4.16, with a volume of 2,216 shares trading hands.

EcoSynthetix Stock Down 3.3%

The company has a market cap of C$244.17 million, a P/E ratio of -416.00 and a beta of 0.31. The company has a 50 day moving average of C$4.24 and a 200-day moving average of C$4.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 14.05 and a quick ratio of 12.67.

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.

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