EcoSynthetix (TSE:ECO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

EcoSynthetix Inc. (TSE:ECOGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.21 and traded as high as C$5.14. EcoSynthetix shares last traded at C$5.06, with a volume of 12,797 shares changing hands.

EcoSynthetix Price Performance

The stock has a market capitalization of C$205.72 million, a price-to-earnings ratio of -118.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 12.67 and a current ratio of 14.05. The company has a fifty day simple moving average of C$4.33 and a two-hundred day simple moving average of C$4.22.

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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