Burcon NutraScience (TSE:BU) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.96 and traded as high as C$1.98. Burcon NutraScience shares last traded at C$1.98, with a volume of 595 shares traded.

Burcon NutraScience Stock Up 4.8%

The company has a current ratio of 0.22, a quick ratio of 1.71 and a debt-to-equity ratio of -1,514.36. The stock has a 50 day simple moving average of C$2.07 and a 200 day simple moving average of C$1.96. The firm has a market capitalization of C$25.13 million, a PE ratio of -1.85 and a beta of 2.81.

Burcon NutraScience Company Profile

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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.

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