Ecosynthetix (TSE:ECO) Share Price Passes Above Fifty Day Moving Average of $2.60

Shares of Ecosynthetix Inc (TSE:ECO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.60 and traded as high as $3.07. Ecosynthetix shares last traded at $3.07, with a volume of 26,700 shares traded.

The company has a current ratio of 26.58, a quick ratio of 24.62 and a debt-to-equity ratio of 2.77. The stock has a 50 day simple moving average of C$2.64. The firm has a market cap of $178.64 million and a price-to-earnings ratio of -105.86.

Ecosynthetix (TSE:ECO) last released its earnings results on Wednesday, May 8th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$5.94 million during the quarter. As a group, analysts predict that Ecosynthetix Inc will post -0.01 earnings per share for the current year.

About Ecosynthetix (TSE:ECO)

EcoSynthetix Inc, a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers EcoMer biomonomer for use in pressure sensitive adhesives, ink, toner resins, and paints; EcoSphere biolatex used as coating binder for paper and paperboard; EcoStix, a family of pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers enable manufacturers of particle board, MDF, veneers, and laminates to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.

Further Reading: Support Level

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