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Burcon NutraScience (TSE:BU) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Burcon NutraScience logo with Consumer Defensive background

Key Points

  • Burcon NutraScience shares have recently crossed above their 200-day moving average, indicating potential positive momentum in the stock, which last traded at C$2.55.
  • The company has a high debt-to-equity ratio of 187.90 and a market capitalization of C$623.49 million, suggesting significant leveraging compared to equity.
  • Burcon NutraScience specializes in developing plant proteins for the food and beverage industry, including products that cater to dairy alternatives and meat substitutes.
  • Looking to export and analyze Burcon NutraScience data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Burcon NutraScience Co. (TSE:BU - Get Free Report) NYSE: BUR passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.29 and traded as high as C$2.58. Burcon NutraScience shares last traded at C$2.55, with a volume of 2,501 shares trading hands.

Burcon NutraScience Price Performance

The company has a current ratio of 5.63, a quick ratio of 1.71 and a debt-to-equity ratio of 187.90. The stock has a market cap of C$589.26 million, a PE ratio of -41.63 and a beta of 2.90. The company has a fifty day moving average of C$3.02 and a 200-day moving average of C$2.30.

Burcon NutraScience Company Profile

(Get Free Report)

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.

Further Reading

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