Burcon NutraScience (TSE:BU) Share Price Passes Below 200-Day Moving Average – What’s Next?

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.48 and traded as low as C$1.70. Burcon NutraScience shares last traded at C$1.75, with a volume of 12,236 shares.

Burcon NutraScience Trading Up 1.1%

The stock has a fifty day simple moving average of C$2.03 and a 200 day simple moving average of C$2.47. The firm has a market capitalization of C$22.46 million, a P/E ratio of -0.51 and a beta of 2.45. The company has a quick ratio of 1.71, a current ratio of 5.63 and a debt-to-equity ratio of 187.90.

About Burcon NutraScience

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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.

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