Ecosynthetix Inc (TSE:ECO) shares traded down 4.8% during trading on Wednesday . The company traded as low as C$2.16 and last traded at C$2.16. 68,588 shares were traded during mid-day trading, an increase of 60% from the average session volume of 42,814 shares. The stock had previously closed at C$2.27.

A number of research analysts have commented on the company. Canaccord Genuity restated a “speculative buy” rating and issued a C$3.00 target price on shares of Ecosynthetix in a research note on Thursday, November 2nd. Royal Bank of Canada lowered their target price on Ecosynthetix from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th.

The stock has a market cap of $130.29, a P/E ratio of -13.50 and a beta of -0.09.

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About Ecosynthetix

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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