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EcoSynthetix (TSE:ECO) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

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.

Shares of EcoSynthetix Inc. (TSE:ECO - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

EcoSynthetix Trading Up 4.5%

The company has a quick ratio of 12.67, a current ratio of 14.05 and a debt-to-equity ratio of 0.84. The firm has a market cap of C$180.11 million, a price-to-earnings ratio of -103.65 and a beta of 0.87. The business has a 50 day moving average price of C$4.13 and a 200-day moving average price of C$4.27.

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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