Burcon NutraScience Corp (BUR) Upgraded at ValuEngine
Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday.
Shares of Burcon NutraScience Corp (NASDAQ BUR) traded up 14.762% during midday trading on Friday, hitting $0.723. 1,192,194 shares of the stock were exchanged. The firm has a 50 day moving average of $0.64 and a 200 day moving average of $1.11. Burcon NutraScience Corp has a 12-month low of $0.50 and a 12-month high of $2.53. The firm’s market cap is $27.35 million.
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A hedge fund recently raised its stake in Burcon NutraScience Corp stock. Royal Bank of Canada increased its position in Burcon NutraScience Corp (NASDAQ:BUR) (TSE:BU) by 25.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,342 shares of the biotechnology company’s stock after purchasing an additional 70,329 shares during the quarter. Royal Bank of Canada owned 0.93% of Burcon NutraScience Corp worth $373,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.42% of the company’s stock.
About Burcon NutraScience Corp
Burcon NutraScience Corp (Burcon) is a Canada-based company, which is engaged in development of functional and renewable plant proteins. The Company has developed a portfolio of composition, application and process patents originating from a core protein extraction and purification technology. The Company and its subsidiary have developed CLARISOY, a soy protein; and are developing Peazazz, a pea protein, and Puratein, Supertein and Nutratein, approximately three canola protein isolates.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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