Burcon NutraScience (TSE:BU) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.32 and traded as low as C$1.72. Burcon NutraScience shares last traded at C$1.73, with a volume of 4,030 shares changing hands.

Burcon NutraScience Trading Up 3.6%

The business has a fifty day moving average price of C$1.83 and a 200-day moving average price of C$2.32. The company has a quick ratio of 1.71, a current ratio of 5.63 and a debt-to-equity ratio of 187.90. The company has a market cap of C$21.95 million, a P/E ratio of -0.50 and a beta of 2.63.

About Burcon NutraScience

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.