Insider Selling: EcoSynthetix (TSE:ECO) Insider Sells C$330,000.00 in Stock

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

EcoSynthetix Stock Up 4.6%

ECO stock traded up C$0.08 during midday trading on Friday, hitting C$1.81. The company’s stock had a trading volume of 21,900 shares, compared to its average volume of 28,934. EcoSynthetix Inc. has a twelve month low of C$1.53 and a twelve month high of C$5.02. The stock has a market capitalization of C$106.40 million, a P/E ratio of -90.50 and a beta of 0.87. The company has a debt-to-equity ratio of 5.06, a current ratio of 23.15 and a quick ratio of 12.67. The company’s fifty day moving average price is C$2.11 and its 200 day moving average price is C$2.75.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings results 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 business had revenue of C$6.45 million for the quarter. As a group, equities research analysts predict that EcoSynthetix Inc. will post 0.18 EPS 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).