Burcon NutraScience (TSE:BU) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.01 and traded as low as C$1.84. Burcon NutraScience shares last traded at C$1.85, with a volume of 5,459 shares changing hands.

Burcon NutraScience Price Performance

The company has a debt-to-equity ratio of -421.12, a current ratio of 0.19 and a quick ratio of 1.71. The company’s 50-day moving average price is C$2.00 and its 200-day moving average price is C$2.01. The company has a market cap of C$23.48 million, a P/E ratio of -1.64 and a beta of 2.87.

About Burcon NutraScience

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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.

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