Burcon NutraScience (TSE:BU) Shares Down 11.5% – Here’s Why

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s stock price traded down 11.5% during trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. 181,676 shares traded hands during trading, an increase of 284% from the average session volume of 47,256 shares. The stock had previously closed at C$0.13.

Burcon NutraScience Stock Performance

The stock has a fifty day simple moving average of C$0.14 and a 200 day simple moving average of C$0.19. The company has a debt-to-equity ratio of 187.90, a quick ratio of 1.71 and a current ratio of 5.63. The firm has a market cap of C$17.05 million, a P/E ratio of -0.57 and a beta of 2.90.

About Burcon NutraScience

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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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