Burcon NutraScience (TSE:BU) Stock Price Down 11.5% – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares traded down 11.5% during trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. 181,676 shares were traded during mid-day trading, an increase of 284% from the average session volume of 47,256 shares. The stock had previously closed at C$0.13.

Burcon NutraScience Stock Down 15.4 %

The stock has a market cap of C$15.63 million, a P/E ratio of -0.62 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 firm’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.19.

Burcon NutraScience Company Profile

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.