Burcon NutraScience (TSE:BU) Reaches New 12-Month Low – Here’s What Happened

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.90 and last traded at C$0.90, with a volume of 5,503 shares changing hands. The stock had previously closed at C$0.95.

Burcon NutraScience Stock Performance

The stock has a market capitalization of C$10.79 million, a price-to-earnings ratio of -0.73 and a beta of 2.80. The company’s 50-day moving average is C$1.26 and its 200-day moving average is C$1.81. The company has a quick ratio of 1.71, a current ratio of 0.21 and a debt-to-equity ratio of -319.77.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last issued its earnings results on Wednesday, August 12th. The company reported C($0.30) EPS for the quarter. The firm had revenue of C$1.28 million for the quarter. Burcon NutraScience had a positive return on equity of 338.06% and a negative net margin of 454.70%. Research analysts anticipate that Burcon NutraScience Co. will post 0.00 earnings per share for the current fiscal year.

About Burcon NutraScience

Burcon is a global technology leader in plant-based proteins for food and beverage applications. The Company has developed a portfolio of high-performance protein ingredients, including Peazzaz® pea proteins, FavaPro TM fava proteins and Puratein® canola proteins, and is focused on commercializing its technologies through manufacturing partnerships and growing customer adoption worldwide.