Burcon NutraScience (TSE:BU) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.46 and traded as low as C$1.75. Burcon NutraScience shares last traded at C$1.84, with a volume of 6,300 shares traded.

Burcon NutraScience Stock Up 4.0%

The company has a market cap of C$23.35 million, a price-to-earnings ratio of -0.53 and a beta of 2.45. The firm’s fifty day simple moving average is C$1.99 and its 200 day simple moving average is C$2.46. The company has a current ratio of 5.63, a quick ratio of 1.71 and a debt-to-equity ratio of 187.90.

Burcon NutraScience Company Profile

Burcon is a global technology leader in the development of plant-based proteins. With over 285 issued patents and more than 250 additional patent applications, that have been developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives.