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Burcon NutraScience (TSE:BU) Stock Crosses Below 200-Day Moving Average of $0.90

Defense World ·  Aug 16, 2022 02:52

Burcon NutraScience Co. (TSE:BU – Get Rating) (NYSE:BUR)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.90 and traded as low as C$0.83. Burcon NutraScience shares last traded at C$0.85, with a volume of 19,062 shares trading hands.

Burcon NutraScience Stock Performance

The firm's 50 day moving average is C$0.67 and its 200-day moving average is C$0.90. The stock has a market capitalization of C$92.42 million and a price-to-earnings ratio of -9.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 6.90 and a current ratio of 7.30.

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Burcon NutraScience (TSE:BU – Get Rating) (NYSE:BUR) last issued its quarterly earnings data on Monday, June 27th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$0.08 million for the quarter. Analysts forecast that Burcon NutraScience Co. will post -0.03 earnings per share for the current fiscal year.

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's products include Peazazz, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products; and Peazac and Peazac 850, a pea protein for plant-based meat alternative products, ready-to-mix powders, ready-to-mix beverages, dairy alternatives, and nutrition bars, as well as other applications requiring the most neutral flavor and moderate viscosity.

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