Burcon NutraScience (TSE:BU) Hits New 52-Week Low – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.48 and last traded at C$1.56, with a volume of 15562 shares traded. The stock had previously closed at C$1.60.

Burcon NutraScience Stock Performance

The firm has a market capitalization of C$19.80 million, a PE ratio of -1.34 and a beta of 2.84. The company has a debt-to-equity ratio of -319.77, a current ratio of 0.21 and a quick ratio of 1.71. The firm has a fifty day moving average price of C$1.87 and a 200 day moving average price of C$2.01.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.30) earnings per share for the quarter. The company had revenue of C$1.28 million during the quarter. Burcon NutraScience had a negative net margin of 454.70% and a positive return on equity of 338.06%. 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 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.