Burcon NutraScience (TSE:BU) Trading Up 33.3% – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s share price rose 33.3% on Monday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 323,126 shares were traded during trading, an increase of 677% from the average daily volume of 41,570 shares. The stock had previously closed at C$0.14.

Burcon NutraScience Stock Up 42.9 %

The company has a market cap of C$28.42 million, a price-to-earnings ratio of -0.76 and a beta of 2.90. The stock has a 50-day simple moving average of C$0.15 and a 200-day simple moving average of C$0.19. The company has a current ratio of 5.63, a quick ratio of 1.71 and a debt-to-equity ratio of 187.90.

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.