Burcon NutraScience (TSE:BU) Shares Up 5.6% – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s stock price shot up 5.6% during mid-day trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.10. 254,271 shares were traded during mid-day trading, an increase of 182% from the average session volume of 90,183 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Price Performance

The company has a debt-to-equity ratio of 187.90, a current ratio of 5.63 and a quick ratio of 1.71. The stock has a market capitalization of C$13.50 million, a P/E ratio of -0.45 and a beta of 2.90. The company’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.14.

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.