Burcon NutraScience Corp (TSE:BU) (NYSE:BUR)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.13. Burcon NutraScience shares last traded at $1.13, with a volume of 567,878 shares trading hands.
Separately, Beacon Securities restated a “buy” rating on shares of Burcon NutraScience in a research note on Monday, July 8th.
The company has a debt-to-equity ratio of 650.26, a quick ratio of 0.14 and a current ratio of 0.21. The stock’s 50 day moving average is C$0.80. The firm has a market cap of $50.13 million and a PE ratio of -11.01.
In other news, Director Rosanna Mei Wah Chau sold 100,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$1.00, for a total transaction of C$100,000.00. Following the transaction, the director now owns 950,022 shares in the company, valued at C$950,022. Also, Director Johann Franz Tergesen bought 75,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of C$0.50 per share, for a total transaction of C$37,500.00. Following the purchase, the director now owns 238,507 shares of the company’s stock, valued at approximately C$119,253.50. In the last 90 days, insiders acquired 163,000 shares of company stock worth $90,530 and sold 250,000 shares worth $265,000.
About Burcon NutraScience (TSE:BU)
Burcon NutraScience Corporation, together with its subsidiary, develops plant protein extraction and purification technology of functional and renewable plant proteins in Canada. Its products include CLARISOY, a soy protein for dairy foods, neutral pH beverages, and coffee creamers/whiteners; and Peazazz, a novel pea protein isolate.
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