EcoSynthetix (TSE:ECO) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

EcoSynthetix Inc. (TSE:ECOGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.30 and traded as high as C$4.36. EcoSynthetix shares last traded at C$4.25, with a volume of 16,212 shares trading hands.

EcoSynthetix Stock Up 1.7 %

The company has a market cap of C$172.79 million, a price-to-earnings ratio of -99.44 and a beta of 0.87. 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 business has a 50-day simple moving average of C$4.45 and a two-hundred day simple moving average of C$4.30.

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.

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