Burcon NutraScience (TSE:BU) Shares Cross Above 200 Day Moving Average – What’s Next?

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.06 and traded as high as C$2.08. Burcon NutraScience shares last traded at C$1.86, with a volume of 3,416 shares changing hands.

Burcon NutraScience Stock Performance

The company has a debt-to-equity ratio of -1,514.36, a quick ratio of 1.71 and a current ratio of 0.22. The business has a 50-day moving average price of C$2.00 and a 200 day moving average price of C$2.06. The stock has a market capitalization of C$23.61 million, a P/E ratio of -0.54 and a beta of 2.46.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C($0.28) earnings per share for the quarter. Burcon NutraScience had a negative net margin of 870.87% and a negative return on equity of 630.53%. The company had revenue of C$0.74 million for the quarter. As a group, sell-side analysts forecast that Burcon NutraScience Co. will post 0.000341 EPS for the current fiscal year.

Burcon NutraScience Company Profile

Burcon is a global technology leader in the development of plant-based proteins. With over 285 issued patents and more than 250 additional patent applications, that have been developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives.