Burcon NutraScience (TSE:BU) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.00 and traded as low as C$2.00. Burcon NutraScience shares last traded at C$2.01, with a volume of 1,430 shares trading hands.

Burcon NutraScience Trading Down 2.0%

The company has a market capitalization of C$25.51 million, a price-to-earnings ratio of -1.88 and a beta of 2.65. The company has a quick ratio of 1.71, a current ratio of 0.22 and a debt-to-equity ratio of -1,514.36. The company’s 50 day simple moving average is C$2.14 and its two-hundred day simple moving average is C$2.00.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last announced its earnings results on Wednesday, February 11th. The company reported C($0.28) earnings per share for the quarter. The firm had revenue of C$0.74 million during the quarter. Burcon NutraScience had a negative net margin of 870.87% and a negative return on equity of 630.53%. As a group, research analysts anticipate that Burcon NutraScience Co. will post 0.000341 earnings per share for the current fiscal year.

Burcon NutraScience Company Profile

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. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives.