Insider Buying: EcoSynthetix (TSE:ECO) Director Buys C$20,400.00 in Stock

EcoSynthetix Inc. (TSE:ECO) Director Jeffrey Nodland purchased 10,000 shares of EcoSynthetix stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of C$2.04 per share, with a total value of C$20,400.00. Following the transaction, the director owned 51,000 shares in the company, valued at C$104,040. This trade represents a 24.39% increase in their position.

EcoSynthetix Stock Down 3.0%

ECO traded down C$0.06 during trading on Monday, hitting C$1.97. 5,367 shares of the company’s stock were exchanged, compared to its average volume of 23,865. The company has a quick ratio of 12.67, a current ratio of 23.15 and a debt-to-equity ratio of 5.06. The business’s 50 day moving average is C$2.44 and its two-hundred day moving average is C$2.97. EcoSynthetix Inc. has a fifty-two week low of C$1.90 and a fifty-two week high of C$5.02. The stock has a market cap of C$115.81 million, a P/E ratio of -98.50 and a beta of 0.70.

EcoSynthetix (TSE:ECO) last released its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$6.45 million during the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. As a group, equities analysts expect that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal 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).