Burcon NutraScience (TSE:BU) Stock Passes Below 200-Day Moving Average – Should You Sell?

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.42 and traded as low as C$2.05. Burcon NutraScience shares last traded at C$2.24, with a volume of 13,988 shares trading hands.

Burcon NutraScience Price Performance

The company has a 50 day simple moving average of C$2.47 and a 200-day simple moving average of C$2.42. The stock has a market cap of C$28.42 million, a price-to-earnings ratio of -0.64 and a beta of 2.31. The company has a quick ratio of 1.71, a current ratio of 5.63 and a debt-to-equity ratio of 187.90.

Burcon NutraScience Company Profile

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Burcon is a global technology leader in the development of plant-based proteins. With over 285 issued patents and more than 250 additional patent applications, that have been developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more.

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