EcoSynthetix (TSE:ECO) Reaches New 52-Week Low – Here’s What Happened

EcoSynthetix Inc. (TSE:ECO) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.22 and last traded at C$3.15, with a volume of 85633 shares traded. The stock had previously closed at C$3.31.

EcoSynthetix Stock Performance

The stock has a 50 day moving average of C$3.75 and a 200 day moving average of C$4.06. The company has a quick ratio of 12.67, a current ratio of 15.62 and a debt-to-equity ratio of 5.69. The firm has a market cap of C$186.05 million, a price-to-earnings ratio of -315.00 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.