ValuEngine upgraded shares of Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) from a strong sell rating to a sell rating in a research note issued to investors on Friday.

Shares of Burcon NutraScience Corp (NASDAQ BUR) traded up 14.762% during mid-day trading on Friday, reaching $0.723. The company’s stock had a trading volume of 1,192,194 shares. Burcon NutraScience Corp has a 12 month low of $0.50 and a 12 month high of $2.53. The company has a 50-day moving average of $0.64 and a 200-day moving average of $1.11. The company’s market cap is $27.35 million.

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A hedge fund recently raised its stake in Burcon NutraScience Corp stock. Royal Bank of Canada grew its holdings in shares of Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) by 25.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 351,342 shares of the biotechnology company’s stock after purchasing an additional 70,329 shares during the period. Royal Bank of Canada owned approximately 0.93% of Burcon NutraScience Corp worth $373,000 as of its most recent SEC filing. Institutional investors own 1.42% of the company’s stock.

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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