EcoSynthetix (TSE:ECO) Insider Lions Investment Ltd Sells 200,000 Shares of Company Stock

EcoSynthetix Inc. (TSE:ECO) insider Lions Investment Ltd sold 200,000 shares of EcoSynthetix stock in a transaction on Friday, October 2nd. The shares were sold at an average price of C$1.65, for a total value of C$330,000.00. Following the sale, the insider directly owned 6,960,151 shares in the company, valued at C$11,484,249.15. The trade was a 2.79% decrease in their position.

EcoSynthetix Trading Up 4.6%

Shares of ECO stock opened at C$1.81 on Friday. The company has a debt-to-equity ratio of 5.06, a quick ratio of 12.67 and a current ratio of 23.15. EcoSynthetix Inc. has a 1 year low of C$1.53 and a 1 year high of C$5.02. The stock has a fifty day moving average of C$2.11 and a two-hundred day moving average of C$2.75. The firm has a market capitalization of C$106.40 million, a PE ratio of -90.50 and a beta of 0.87.

EcoSynthetix (TSE:ECO) last released its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. As a group, research analysts expect 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).