Shares of EcoSynthetix Inc. (TSE:ECO – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$3.30 and last traded at C$3.32, with a volume of 8549 shares changing hands. The stock had previously closed at C$3.38.
EcoSynthetix Price Performance
The firm has a 50 day moving average of C$3.85 and a two-hundred day moving average of C$4.10. The company has a current ratio of 15.62, a quick ratio of 12.67 and a debt-to-equity ratio of 5.69. The stock has a market capitalization of C$184.28 million, a PE ratio of -312.00 and a beta of 0.49.
EcoSynthetix Company Profile
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. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels.
Further Reading
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