EcoSynthetix (TSE:ECO) Shares Up 2% – What’s Next?

EcoSynthetix Inc. (TSE:ECOGet Free Report) shot up 2% during trading on Wednesday . The stock traded as high as C$4.04 and last traded at C$4.04. 26,805 shares were traded during trading, a decline of 58% from the average session volume of 64,500 shares. The stock had previously closed at C$3.96.

EcoSynthetix Stock Down 0.7 %

The company has a current ratio of 20.06, a quick ratio of 12.67 and a debt-to-equity ratio of 1.04. The company has a market cap of C$243.98 million, a price-to-earnings ratio of -83.00 and a beta of 0.87. The firm’s fifty day simple moving average is C$4.18 and its 200 day simple moving average is C$4.26.

EcoSynthetix Company Profile

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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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