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

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price shot up 5.6% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. 254,271 shares traded hands 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 firm’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.14. The company has a market cap of C$13.50 million, a P/E ratio of -0.45 and a beta of 2.90. The company has a debt-to-equity ratio of 187.90, a quick ratio of 1.71 and a current ratio of 5.63.

Burcon NutraScience Company Profile

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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 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.

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