Burcon NutraScience (TSE:BU) Stock Price Crosses Above 200-Day Moving Average of $0.00

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.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last released its quarterly earnings data on Tuesday, July 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$0.11 million during the quarter. On average, equities research analysts predict that Burcon NutraScience Corp will post 0.08 EPS for the current year.

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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