0.04 (0.82%) 1d
EcoSynthetix Inc

He is one of the largest shareholders in this. They now have 2 commercial mills up and running with their DuraBind products. They make the binding that goes into IKEA-like furniture. Not into IKEA yet, but there is a good chance they will be. IKEA has announced that they want all their bindings for furniture, flooring, etc. to be formaldehyde free by 2020. This company’s products are the best alternative out there. They have about 40% of their market cap in cash, so he sees very limited downside, but a lot of growth potential. There is a good chance they will be profitable by the end of the year.

EcoSynthetix Inc

They make an organic binding resin without the use of formaldehyde. A lot of companies are demanding hardwood floors and furniture be made without formaldehyde.

EcoSynthetix Inc

Manufactures an environmentally friendly synthetic wood product, i.e., it doesn’t have formaldehyde. There are a lot of companies that are looking to eco-synthetic products to replace older products that have formaldehyde. Trading below its cash. Have about $1.50 per share in cash on their balance sheet. He is still in the process of evaluating this.

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EcoSynthetix Inc(ECO-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for EcoSynthetix Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

EcoSynthetix Inc(ECO-T) Frequently Asked Questions

What is EcoSynthetix Inc stock symbol?

EcoSynthetix Inc is a Canadian stock, trading under the symbol ECO-T on the Toronto Stock Exchange (ECO-CT). It is usually referred to as TSX:ECO or ECO-T

Is EcoSynthetix Inc a buy or a sell?

In the last year, there was no coverage of EcoSynthetix Inc published on Stockchase.

Is EcoSynthetix Inc a good investment or a top pick?

EcoSynthetix Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for EcoSynthetix Inc.

Why is EcoSynthetix Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is EcoSynthetix Inc worth watching?

In the last year, there was no coverage of EcoSynthetix Inc published on Stockchase.

What is EcoSynthetix Inc stock price?

On 2024-04-16, EcoSynthetix Inc (ECO-T) stock closed at a price of $4.83.