Burcon NutraScience (TSE:BU) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.04 and traded as high as C$2.05. Burcon NutraScience shares last traded at C$2.05, with a volume of 332 shares trading hands.

Burcon NutraScience Price Performance

The stock has a 50 day simple moving average of C$2.04 and a two-hundred day simple moving average of C$2.01. The firm has a market cap of C$26.02 million, a PE ratio of -0.59 and a beta of 2.50. The company has a debt-to-equity ratio of -1,514.36, a quick ratio of 1.71 and a current ratio of 0.22.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last released its quarterly earnings data on Wednesday, February 11th. The company reported C($0.28) earnings per share for the quarter. The company had revenue of C$0.74 million for the quarter. Burcon NutraScience had a negative net margin of 870.87% and a negative return on equity of 630.53%. Sell-side analysts expect that Burcon NutraScience Co. will post 0.000341 earnings per share for the current year.

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.