Burcon NutraScience (TSE:BU) Trading Down 11.8% – Here’s What Happened

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price dropped 11.8% during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 250,321 shares changed hands during trading, an increase of 60% from the average daily volume of 156,224 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Stock Down 5.9 %

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 capitalization of C$19.56 million, a price-to-earnings ratio of -1.38 and a beta of 2.90. The business’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.13.

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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