Burcon NutraScience (TSE:BU) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

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$2.06 and traded as high as C$2.08. Burcon NutraScience shares last traded at C$1.86, with a volume of 3,416 shares traded.

Burcon NutraScience Trading Up 1.5%

The company has a market capitalization of C$25.00 million, a PE ratio of -0.57 and a beta of 2.46. The company has a debt-to-equity ratio of -1,514.36, a current ratio of 0.22 and a quick ratio of 1.71. The company’s fifty day moving average is C$2.01 and its 200-day moving average is C$2.05.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last announced its 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 870.87% and a negative return on equity of 630.53%. The company had revenue of C$0.74 million for the quarter. On average, analysts anticipate that Burcon NutraScience Co. will post 0.000341 EPS 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.