Burcon NutraScience (TSE:BU) Stock Price Up 11.1% – Time to Buy?

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR) rose 11.1% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.10. Approximately 437,600 shares changed hands during mid-day trading, an increase of 225% from the average daily volume of 134,817 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Stock Performance

The company has a current ratio of 5.63, a quick ratio of 1.71 and a debt-to-equity ratio of 187.90. The company’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.13. The company has a market capitalization of C$24.45 million, a P/E ratio of -1.73 and a beta of 2.90.

About Burcon NutraScience

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Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products.

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