EcoSynthetix (TSE:ECO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

EcoSynthetix Inc. (TSE:ECOGet Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.32 and traded as high as C$4.50. EcoSynthetix shares last traded at C$4.10, with a volume of 6,702 shares.

EcoSynthetix Price Performance

The company has a market capitalization of C$162.63 million, a price-to-earnings ratio of -93.59 and a beta of 0.87. The company has a 50-day moving average price of C$4.52 and a 200-day moving average price of C$4.32. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05.

About EcoSynthetix

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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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