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EcoSynthetix (TSE:ECO) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

EcoSynthetix logo with Basic Materials background

Key Points

  • EcoSynthetix Inc.'s stock price surpassed its 200-day moving average of C$4.25, peaking at C$4.30 during recent trading.
  • The company has a strong liquidity position with a current ratio of 14.05 and a quick ratio of 12.67, indicating good short-term financial health.
  • EcoSynthetix specializes in renewable chemicals and offers bio-based technologies aimed at replacing synthetic, petrochemical-based products.
  • MarketBeat previews top five stocks to own in October.

Shares of EcoSynthetix Inc. (TSE:ECO - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.25 and traded as high as C$4.30. EcoSynthetix shares last traded at C$4.23, with a volume of 11,400 shares traded.

EcoSynthetix Stock Performance

The company's 50 day simple moving average is C$4.17 and its 200 day simple moving average is C$4.23. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The stock has a market cap of C$250.04 million, a price-to-earnings ratio of -426.00 and a beta of 0.29.

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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