Ecosynthetix (ECO) Reaches New 1-Year Low at $1.85

Ecosynthetix Inc (TSE:ECO) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.85 and last traded at C$1.89, with a volume of 3800 shares changing hands. The stock had previously closed at C$1.85.

A number of brokerages have issued reports on ECO. Canaccord Genuity decreased their price target on Ecosynthetix from C$3.00 to C$2.50 and set a “speculative buy” rating for the company in a report on Tuesday, March 6th. Royal Bank of Canada decreased their price target on Ecosynthetix from C$3.50 to C$3.25 and set an “outperform” rating for the company in a report on Tuesday, March 6th.

The stock has a market capitalization of $110.95, a price-to-earnings ratio of -11.56 and a beta of 0.16.

In related news, Director Jeffrey Nodland purchased 41,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was bought at an average cost of C$1.88 per share, with a total value of C$77,080.00. Insiders acquired 45,100 shares of company stock valued at $84,849 over the last three months.

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Ecosynthetix Company Profile

EcoSynthetix Inc (EcoSynthetix) is a renewable chemicals company. The Company is engaged in the development of bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the United States, Europe, Middle East and Africa (EMEA), and Asia Pacific.

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