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

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

EcoSynthetix Stock Performance

EcoSynthetix stock traded up C$0.08 during mid-day trading on Friday, reaching C$1.81. 21,900 shares of the company’s stock were exchanged, compared to its average volume of 28,934. EcoSynthetix Inc. has a one year low of C$1.53 and a one year high of C$5.02. The firm has a market capitalization of C$106.40 million, a PE ratio of -90.50 and a beta of 0.87. The business’s fifty day simple moving average is C$2.11 and its 200 day simple moving average is C$2.75. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06.

EcoSynthetix (TSE:ECO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$6.45 million for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. On average, sell-side analysts expect that EcoSynthetix Inc. will post 0.18 earnings per share for the current year.

About EcoSynthetix

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).