Burcon NutraScience Corp (BUR) Reaches New 1-Year Low at $0.51
Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) hit a new 52-week low during trading on Monday . The company traded as low as $0.51 and last traded at $0.51, with a volume of 19,336 shares. The stock had previously closed at $0.52.
Separately, ValuEngine upgraded shares of Burcon NutraScience Corp from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 7th.
The stock’s market capitalization is $19.19 million. The company has a 50 day moving average price of $0.67 and a 200 day moving average price of $1.14.
A hedge fund recently raised its stake in Burcon NutraScience Corp stock. Royal Bank of Canada increased its position in Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) by 25.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,342 shares of the biotechnology company’s stock after buying an additional 70,329 shares during the period. Royal Bank of Canada owned 0.93% of Burcon NutraScience Corp worth $373,000 at the end of the most recent reporting period. 1.42% of the stock is owned by institutional investors and hedge funds.
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About Burcon NutraScience Corp
Burcon NutraScience Corp (Burcon) is a Canada-based company, which is engaged in development of functional and renewable plant proteins. The Company has developed a portfolio of composition, application and process patents originating from a core protein extraction and purification technology. The Company and its subsidiary have developed CLARISOY, a soy protein; and are developing Peazazz, a pea protein, and Puratein, Supertein and Nutratein, approximately three canola protein isolates.
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