Burcon NutraScience (TSE:BU) Stock Price Down 6.3% – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares traded down 6.3% on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08. 261,300 shares were traded during mid-day trading, an increase of 293% from the average session volume of 66,550 shares. The stock had previously closed at C$0.08.

Burcon NutraScience Stock Performance

The firm has a market cap of C$10.66 million, a PE ratio of -0.36 and a beta of 2.90. The business has a 50-day simple moving average of C$0.11 and a 200 day simple moving average of C$0.16. The company has a debt-to-equity ratio of 187.90, a current ratio of 5.63 and a quick ratio of 1.71.

Burcon NutraScience Company Profile

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.