Burcon NutraScience (BUR) Shares Gap Up to $0.48
Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) gapped up prior to trading on Monday . The stock had previously closed at $0.47, but opened at $0.48. Burcon NutraScience shares last traded at $0.72, with a volume of 9464800 shares trading hands.
Separately, ValuEngine raised Burcon NutraScience from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th.
The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.12.
A hedge fund recently raised its stake in Burcon NutraScience stock. Royal Bank of Canada increased its stake in Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) by 25.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 351,342 shares of the biotechnology company’s stock after buying an additional 70,329 shares during the quarter. Royal Bank of Canada owned about 0.93% of Burcon NutraScience worth $373,000 as of its most recent filing with the SEC. 1.94% of the stock is owned by institutional investors.
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About Burcon NutraScience
Burcon NutraScience Corp (Burcon) is a Canada-based company, which is engaged in development of functional and renewable plant proteins. The Company has developed a portfolio of composition, application and process patents originating from a core protein extraction and purification technology. The Company and its subsidiary have developed CLARISOY, a soy protein; and are developing Peazazz, a pea protein, and Puratein, Supertein and Nutratein, approximately three canola protein isolates.
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