Key Points
- Lions Investment Ltd sold 200,000 EcoSynthetix shares at an average price of C$1.65, generating C$330,000. The sale reduced its ownership by 2.79% to 6,960,151 shares.
- EcoSynthetix shares opened at C$1.81 and were reported up 4.6%, while remaining below their 50-day and 200-day moving averages of C$2.11 and C$2.75, respectively.
- The company reported quarterly revenue of C$6.45 million and a loss of C$0.01 per share, alongside negative net margins and return on equity.
EcoSynthetix Inc. (TSE:ECO - Get Free Report) insider Lions Investment Ltd sold 200,000 shares of the 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 transaction, the insider directly owned 6,960,151 shares of the company's stock, valued at approximately C$11,484,249.15. The trade was a 2.79% decrease in their ownership of the stock.
EcoSynthetix Stock Up 4.6%
Shares of ECO stock opened at C$1.81 on Friday. EcoSynthetix Inc. has a 1 year low of C$1.53 and a 1 year high of C$5.02. The stock has a market cap of C$106.40 million, a PE ratio of -90.50 and a beta of 0.87. The business's fifty day moving average is C$2.11 and its 200-day moving average is C$2.75. 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 (TSE:ECO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. EcoSynthetix had a negative return on equity of 2.47% and a negative net margin of 4.72%. The firm had revenue of C$6.45 million during the quarter. Equities analysts expect that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.
EcoSynthetix Company Profile
(
Get Free Report)
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).
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