EcoSynthetix (OTC:ECSNF) Stock Price Down 8.1% – Here’s Why

Shares of EcoSynthetix Inc. (OTC:ECSNFGet Free Report) fell 8.1% on Friday . The stock traded as low as $3.08 and last traded at $3.08. 107 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,218 shares. The stock had previously closed at $3.35.

EcoSynthetix Stock Down 8.1 %

The company has a 50 day moving average price of $3.18 and a two-hundred day moving average price of $3.38.

About EcoSynthetix

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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 worldwide. 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 industry; EcoStix, a family of sugar-acrylic and pressure-sensitive adhesives, which include customizable resin grades and formulated grades; and DuraBind engineered biopolymers that enable manufacturers of particle board, MDF, and OSB to decrease the amount of highly regulated chemicals, such as formaldehyde in their formulation.

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