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EcoSynthetix (TSE:ECO) Shares Pass Above Two Hundred Day Moving Average - Here's Why

EcoSynthetix logo with Basic Materials background

Key Points

  • EcoSynthetix Inc. (TSE:ECO) shares have crossed above their 200-day moving average, reaching a high of C$4.31 during trading.
  • The company's market capitalization is approximately C$175.23 million with a debt-to-equity ratio of 0.84, indicating a relatively stable financial position.
  • EcoSynthetix specializes in renewable chemicals, focusing on eco-friendly technologies as alternatives to synthetic adhesives and related products.
  • Looking to Export and Analyze EcoSynthetix Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

EcoSynthetix Inc. (TSE:ECO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.26 and traded as high as C$4.31. EcoSynthetix shares last traded at C$4.31, with a volume of 15,300 shares traded.

EcoSynthetix Stock Down 3.4%

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's fifty day simple moving average is C$4.12 and its two-hundred day simple moving average is C$4.26. The stock has a market capitalization of C$172.39 million, a P/E ratio of -99.21 and a beta of 0.87.

EcoSynthetix Company Profile

(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.

Further Reading

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