Public market insider selling at EcoSynthetix (ECO)

Public market insider selling at EcoSynthetix (T:ECO)

Lions Investment Ltd, a 10% Holder, disposed of 2,200,000 Common Shares on a direct ownership basis at a price of $2.600 on May 23rd, 2023. This represents a $5,720,220 divestment of the company's shares and an account share holdings change of -21.2%.

EcoSynthetix is in the Specialty Chemicals Sub Industry Group under the Basic Materials Sector.

EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as Paper and Paperboard, Building Materials, and Other Markets.