Burcon NutraScience (TSE:BU) Trading Down 11.8% – Here’s What Happened

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s stock price dropped 11.8% during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 250,321 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 156,224 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Stock Performance

The company has a market capitalization of C$20.78 million, a PE ratio of -1.47 and a beta of 2.90. 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 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.13.

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.

Further Reading

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