Burcon NutraScience (TSE:BU) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.12 and traded as high as C$2.13. Burcon NutraScience shares last traded at C$2.13, with a volume of 18,144 shares traded.

Burcon NutraScience Stock Performance

The business’s 50-day moving average price is C$1.80 and its 200-day moving average price is C$2.12. The stock has a market cap of C$27.03 million, a P/E ratio of -0.61 and a beta of 2.79. 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 (TSE:BU) (NYSE:BUR) last released its quarterly earnings results on Wednesday, February 11th. The company reported C($0.28) earnings per share (EPS) for the quarter. Burcon NutraScience had a negative net margin of 1,758.62% and a negative return on equity of 185.21%. The company had revenue of C$0.74 million for the quarter. As a group, sell-side analysts expect that Burcon NutraScience Co. will post 0.000341 earnings per share for the current fiscal year.

About Burcon NutraScience

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.