Burcon NutraScience (TSE:BU) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.25 and traded as low as C$1.82. Burcon NutraScience shares last traded at C$1.84, with a volume of 23,608 shares traded.

Burcon NutraScience Trading Up 0.5%

The company has a debt-to-equity ratio of 187.90, a quick ratio of 1.71 and a current ratio of 5.63. The firm has a 50 day simple moving average of C$1.76 and a two-hundred day simple moving average of C$2.25. The firm has a market capitalization of C$23.35 million, a P/E ratio of -0.53 and a beta of 2.63.

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.