Insider Selling: Burcon NutraScience Corp (TSE:BU) Director Sells 50,000 Shares of Stock

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Burcon NutraScience Corp (TSE:BU) (NYSE:BUR) Director Rosanna Mei Wah Chau sold 50,000 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of C$0.80, for a total transaction of C$40,000.00. Following the completion of the sale, the director now directly owns 1,050,022 shares in the company, valued at approximately C$840,017.60.

Shares of BU opened at C$0.85 on Friday. Burcon NutraScience Corp has a twelve month low of C$0.13 and a twelve month high of C$1.87. The stock has a market capitalization of $60.79 million and a P/E ratio of -7.80. The company has a current ratio of 0.21, a quick ratio of 0.14 and a debt-to-equity ratio of 650.26. The company has a fifty day moving average price of C$0.76.

Separately, Beacon Securities reissued a “buy” rating on shares of Burcon NutraScience in a research note on Monday, July 8th.

About Burcon NutraScience

Burcon NutraScience Corporation, together with its subsidiary, develops plant protein extraction and purification technology of functional and renewable plant proteins in Canada. Its products include CLARISOY, a soy protein for dairy foods, neutral pH beverages, and coffee creamers/whiteners; and Peazazz, a novel pea protein isolate.

See Also: Back-End Load

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