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

Shares of EcoSynthetix Inc. (TSE:ECOGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.23 and traded as high as C$4.30. EcoSynthetix shares last traded at C$4.23, with a volume of 4,866 shares traded.

EcoSynthetix Trading Up 0.5 %

The company has a quick ratio of 12.67, a current ratio of 20.06 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of C$248.68 million, a P/E ratio of -84.60 and a beta of 0.87. The firm’s 50-day simple moving average is C$4.09 and its 200-day simple moving average is C$4.23.

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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