Burcon NutraScience (TSE:BU) Shares Up 4.8% – Here’s Why

Shares of Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR) traded up 4.8% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 152,951 shares traded hands during trading, an increase of 48% from the average session volume of 103,672 shares. The stock had previously closed at C$0.11.

Burcon NutraScience Stock Performance

The business’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.14. The stock has a market cap of C$14.92 million, a P/E ratio of -0.50 and a beta of 2.90. The company has a debt-to-equity ratio of 187.90, a quick ratio of 1.71 and a current ratio of 5.63.

Burcon NutraScience Company Profile

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Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products.

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