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

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.02 and traded as low as C$1.63. Burcon NutraScience shares last traded at C$1.82, with a volume of 3,931 shares traded.

Burcon NutraScience Price Performance

The stock has a market cap of C$21.58 million, a PE ratio of -1.50 and a beta of 2.84. The business’s 50-day simple moving average is C$1.93 and its 200-day simple moving average is C$2.02. The company has a quick ratio of 1.71, a current ratio of 0.21 and a debt-to-equity ratio of -319.77.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last posted its earnings results on Wednesday, August 12th. The company reported C($0.30) earnings per share for the quarter. Burcon NutraScience had a positive return on equity of 338.06% and a negative net margin of 454.70%.The firm had revenue of C$1.28 million for the quarter. On average, research analysts expect that Burcon NutraScience Co. will post 0.000341 EPS for the current fiscal year.

Burcon NutraScience Company Profile

Burcon is a global technology leader in plant-based proteins for food and beverage applications. The Company has developed a portfolio of high-performance protein ingredients, including Peazzaz® pea proteins, FavaPro TM fava proteins and Puratein® canola proteins, and is focused on commercializing its technologies through manufacturing partnerships and growing customer adoption worldwide.