Burcon NutraScience (TSE:BU) Shares Down 6.3% – Here’s What Happened

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s stock price dropped 6.3% during mid-day trading on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 261,300 shares were traded during trading, an increase of 293% from the average daily volume of 66,550 shares. The stock had previously closed at C$0.08.

Burcon NutraScience Stock Performance

The stock has a market cap of C$11.37 million, a P/E ratio of -0.38 and a beta of 2.90. 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 50 day simple moving average of C$0.11 and a 200 day simple moving average of C$0.16.

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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