Burcon NutraScience (TSE:BU) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Burcon NutraScience's stock price recently surpassed its 200-day moving average of C$2.21, reaching a high of C$2.88 during trading.
• The company's market capitalization stands at C$704.18 million, alongside a significant debt-to-equity ratio of 187.90.
• Burcon NutraScience focuses on developing plant proteins for various food and beverage applications, including dairy alternatives and meat substitutes.

Burcon NutraScience Co. (TSE:BU - NYSE: BUR's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.21 and traded as high as C$2.88. Burcon NutraScience shares last traded at C$2.88, with a volume of 11,477 shares changing hands.

Burcon NutraScience Stock Performance

The company has a 50-day simple moving average of C$2.88 and a two-hundred day simple moving average of C$2.21. 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$704.18 million, a P/E ratio of -49.75 and a beta of 2.90.

About Burcon NutraScience

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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