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An update from EcoSynthetix ( (TSE:ECO) ) is now available.
EcoSynthetix reported significant financial growth for Q4 and FY 2024, with a 91% increase in net sales for the quarter and a 46% rise for the year, driven by higher demand across all end markets. The company achieved a climate-positive status in 2024 due to increased usage of its low-carbon products, and it secured a new commercial line with a leading international pulp manufacturer, signaling strong growth potential and a solid market position as it enters 2025.
More about EcoSynthetix
EcoSynthetix Inc. is a renewable chemicals company that produces a range of commercially proven bio-based products. The company focuses on creating sustainable chemical solutions for various industries, including pulp and particleboard manufacturing, leveraging its innovative products like SurfLock™ strength aids and DuraBind™ wood composites binder.
YTD Price Performance: 24.23%
Average Trading Volume: 24,477
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$306.2M
Find detailed analytics on ECO stock on TipRanks’ Stock Analysis page.
