Insider Buying: EcoSynthetix (TSE:ECO) Director Buys C$20,400.00 in Stock

EcoSynthetix Inc. (TSE:ECO) Director Jeffrey Nodland acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was purchased at an average price of C$2.04 per share, for a total transaction of C$20,400.00. Following the transaction, the director directly owned 51,000 shares of the company’s stock, valued at approximately C$104,040. This trade represents a 24.39% increase in their position.

EcoSynthetix Stock Performance

Shares of TSE:ECO opened at C$1.85 on Thursday. The company has a current ratio of 23.15, a quick ratio of 12.67 and a debt-to-equity ratio of 5.06. The company has a 50-day moving average price of C$2.38 and a 200-day moving average price of C$2.93. The company has a market cap of C$108.75 million, a price-to-earnings ratio of -92.50 and a beta of 0.70. EcoSynthetix Inc. has a 12 month low of C$1.66 and a 12 month high of C$5.02.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The business had revenue of C$6.45 million for the quarter. As a group, equities analysts anticipate that EcoSynthetix Inc. will post 0.18 EPS for the current year.

EcoSynthetix Company Profile

EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company’s flagship products, DuraBind¿, Surflock¿, Bioform¿ and EcoSphere®, are used to manufacture wood composites, personal care, paper, tissue and packaging products, and enable performance improvements, economic benefits and carbon footprint reduction. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).