Insider Selling: EcoSynthetix Inc. (ECO.TO) (TSE:ECO) Senior Officer Sells 19,224 Shares of Stock

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EcoSynthetix Inc. (ECO.TO) (TSE:ECO) Senior Officer Robert Martin Haire sold 19,224 shares of the business’s stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of C$3.46, for a total value of C$66,515.04. Following the completion of the sale, the insider now owns 90,189 shares of the company’s stock, valued at approximately C$312,053.94.

Robert Martin Haire also recently made the following trade(s):

  • On Thursday, December 31st, Robert Martin Haire sold 150,000 shares of EcoSynthetix Inc. (ECO.TO) stock. The shares were sold at an average price of C$3.65, for a total value of C$547,500.00.
  • On Monday, November 9th, Robert Martin Haire sold 175,000 shares of EcoSynthetix Inc. (ECO.TO) stock. The shares were sold at an average price of C$3.02, for a total value of C$528,500.00.

TSE:ECO opened at C$3.69 on Friday. The firm has a market cap of C$209.75 million and a P/E ratio of -92.25. The company has a current ratio of 37.13, a quick ratio of 35.08 and a debt-to-equity ratio of 2.64. The stock’s 50 day simple moving average is C$3.09 and its 200-day simple moving average is C$2.56. EcoSynthetix Inc. has a 12-month low of C$1.46 and a 12-month high of C$3.91.

EcoSynthetix Inc. (ECO.TO) (TSE:ECO) last released its earnings results on Wednesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$3.99 million during the quarter. Research analysts forecast that EcoSynthetix Inc. will post -0.02 EPS for the current fiscal year.

About EcoSynthetix Inc. (ECO.TO)

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, a bio-based latex binder used in paper and paperboard coatings; EcoStix, a family of pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers that enable manufacturers of building products, such as wood composites to decrease the amount of highly regulated chemicals, including formaldehyde and methyl diphenyl diisocyanate in their formulation.

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