EcoSynthetix Inc. (TSE:ECO – Get Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$3.22 and last traded at C$3.15, with a volume of 85633 shares changing hands. The stock had previously closed at C$3.31.
EcoSynthetix Price Performance
The stock has a market capitalization of C$186.05 million, a price-to-earnings ratio of -315.00 and a beta of 0.49. The company’s 50-day simple moving average is C$3.75 and its 200-day simple moving average is C$4.06. The company has a debt-to-equity ratio of 5.69, a current ratio of 15.62 and a quick ratio of 12.67.
About EcoSynthetix
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.
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