Ecosynthetix Inc (TSE:ECO)’s share price traded down 3.1% on Monday . The stock traded as low as C$2.20 and last traded at C$2.20. 14,663 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 30,421 shares. The stock had previously closed at C$2.27.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Ecosynthetix from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Canaccord Genuity restated a “speculative buy” rating and issued a C$3.00 price objective on shares of Ecosynthetix in a report on Thursday, November 2nd.

The firm has a market cap of $131.48, a price-to-earnings ratio of -14.19 and a beta of 0.10.

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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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